The law of demand implies that, other things remaining the same,
A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease.
B) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will increase.
C) as the demand for cheeseburgers increases, the price of a cheeseburger will fall.
D) as income increases, the quantity of cheeseburgers demanded will increase.
Correct Answer:
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Q36: The ʺlaw of demandʺ states that, other
Q37: Which of the following is consistent with
Q38: The quantity demanded is
A) independent of consumersʹ
Q39: Demands differ from wants because
A) demands reflect
Q41: Each point on the demand curve reflects
A)
Q42: When the price of a good falls,
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