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The ʺLaw of Demandʺ Refers to the Fact That, All

Question 21

Multiple Choice

The ʺlaw of demandʺ refers to the fact that, all other things remaining the same, when the price of a good rises


A) there is a movement down along the demand curve to a larger quantity demanded.
B) the demand curve shifts rightward.
C) there is a movement up along the demand curve to a smaller quantity demanded.
D) the demand curve shifts leftward.

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