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The Law of Demand Implies, Holding Everything Else Constant, That

Question 38

Multiple Choice

The law of demand implies, holding everything else constant, that as the price of ice cream:


A) increases, the demand for ice cream will increase.
B) increases, the quantity of ice cream demanded will increase.
C) decreases, the quantity of ice cream demanded will increase.
D) decreases, the demand for ice cream will increase.

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