Consider the following two statements. (1) An increase in the price of eggs will cause a decrease in the demand for eggs. (2) An increase in the price of eggs will cause a decrease in the demand for bacon. In which of these two statements is the term "demand" used correctly?
A) neither statement
B) both statements
C) the first statement only
D) more information is needed
E) the second statement only
Correct Answer:
Verified
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