Multiple Choice
The law of demand states that _____
A) quantity demanded is inversely related to price.
B) quantity demanded is directly related to income.
C) marginal utility is directly related to quantity consumed.
D) total utility from the consumption of a good is directly related to its price.
E) the marginal valuation of a good is directly related to demand.
Correct Answer:
Verified
Correct Answer:
Verified
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