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  3. Study Set
    Economics The Basics
  4. Exam
    Exam 2: Demand and Supply: The Basics of the Market Economy
  5. Question
    If the Quantity Demanded Increases Sharply When the Price Drops,this
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If the Quantity Demanded Increases Sharply When the Price Drops,this

Question 26

Question 26

Multiple Choice

If the quantity demanded increases sharply when the price drops,this illustrates what principle?


A) The law of supply.
B) The law of demand.
C) The law of the curve.
D) Ceteris paribus.

Correct Answer:

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