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The Law of Demand Says That the Lower the Price

Question 159

Multiple Choice

The law of demand says that the lower the price charged for a good, ceteris paribus, the:


A) greater the quantity demanded per period of time.
B) greater the demand for the good per period of time.
C) smaller the demand for the good per period of time.
D) smaller the quantity demanded per period of time.
E) larger the supply of the good per period of time.

Correct Answer:

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