Which of the following is NOT true of the law of demand?
A) It is based on the cost-benefit principle.
B) It predicts a negative relationship between costs and benefits.
C) It applies only to monetary costs.
D) It predicts that consumers will purchase a smaller quantity of a good as the price of that good increases.
E) It requires demand curves to be downward-sloping.
Correct Answer:
Verified
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