The law of supply and demand suggests that quantity demanded of a good should increase as price decreases. That is, consumers should purchase more of a product if price is reduced. This is an example of a _____.
A) descriptive rule
B) rational decision rule
C) common rule
D) normative decision rule
E) behavioral decision rule

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The Answer of The law of supply and demand suggests that quantity demanded of a good should increase as price decreases. That is, consumers should purchase more of a product if price is reduced. This is an example of a _____.
A) descriptive rule
B) rational decision rule
C) common rule
D) normative decision rule
E) behavioral decision rule

The Law of Supply and Demand Suggests That Quantity Demanded