Multiple Choice
The law of demand states that:
A) as the price of a good increases, more units are demanded.
B) there is a direct relationship between the price of a good and the quantity of the good produced.
C) there is a negative relationship between the price of a good and the quantity of the good demanded.
D) there is an increase in the need for a good as the price of the good increases.
Correct Answer:
Verified
Correct Answer:
Verified
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