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The Law of Demand Concludes That a Rise in the Price

Question 147

Multiple Choice

The law of demand concludes that a rise in the price of a golf ball___________ the quantity demanded and ___________.


A) increases; creates a movement down along the demand curve for golf balls.
B) decreases; creates a movement up along the demand curve for golf balls.
C) decreases; shifts the demand curve for golf balls leftward.
D) increases; shifts the demand curve for golf balls rightward.

Correct Answer:

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