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Which of the Following Best Represents the Law of Demand

Question 371

Multiple Choice

Which of the following best represents the law of demand?


A) As the price of a good decreases, the quantity demanded of that good decreases.
B) As the price of a good decreases, the quantity demanded of that good increases.
C) As the demand for a good increases, the price of that good increases.
D) As the price of a good decreases, the demand curve for that good shifts to the right.

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