The law of demand states that, ceteris paribus, an increase in:
A) the price of a good causes its quantity demanded to increase.
B) the price of a good causes its quantity demanded to decrease.
C) the quantity demanded of a good causes its price to increase.
D) the quantity demanded of a good causes its price to decrease.
E) the quantity demanded of a good causes its supply to decrease.
Correct Answer:
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Q18: When both supply and demand shift in
Q21: Which of the following would cause a
Q22: A decrease in the price of a
Q23: The quantity demanded of a good is
Q24: Which of the following is true of
Q26: The law of demand refers to the:
A)decrease
Q27: Which of the following is true of
Q28: A decrease in quantity demanded:
A)is illustrated by
Q29: An increase in quantity demanded:
A)is illustrated by
Q30: Which of the following is true of
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