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The Law of Demand States That

Question 181

Multiple Choice

The Law of Demand states that:


A) there is a direct relationship between a product's price and the quantity demanded.
B) the quantity demanded of a product will decrease when the product's price increases.
C) the demand curve for a product will shift to the left when the product's price increases.
D) consumers buy more of a product when its price is low because sellers supply more.

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