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According to the Law of Demand

Question 37

Multiple Choice
According to the law of demand,

According to the law of demand,


A) the lower the price of a commodity, the lower the quantity demanded of that commodity.
B) as the price of a commodity increases, the quantity demanded of that commodity also increases.
C) the lower the price of a commodity, the greater the quantity demanded of that commodity.
D) the lower the price of a commodity, the greater the quantity supplied of that commodity.
E) as the price of a commodity increases, the quantity supplied of that commodity decreases.

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