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The Law of Demand Refers to the

Question 25

Multiple Choice

The law of demand refers to the


A) inverse relationship between the price of a commodity and the quantity demanded of the commodity per time period.
B) direct relationship between the desire a consumer has for a commodity and the amount of the commodity that the consumer demands.
C) inverse relationship between a consumer's income and the amount of a commodity that the consumer demands.
D) direct relationship between population and the market demand for a commodity.

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