Multiple Choice
According to the law of demand, other things being equal
A) when the price a good goes up, then people buy more of that good.
B) when the price a good goes down, then people buy more of that good.
C) when people's income goes down, then they buy less of a good.
D) when people's income goes up, then they buy less of a good.
Correct Answer:
Verified
Correct Answer:
Verified
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