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You Are Given the Following Price-Quantity Information: ($20 and 140

Question 31

Multiple Choice

You are given the following price-quantity information: ($20 and 140 units) , ($15 and 120 units) , ($10 and 80 units) . The information would graph as:


A) an upward-sloping line and conform to the Law of Supply.
B) an upward-sloping line and conform to the Law of Demand.
C) a downward-sloping line and conform to the Law of Supply.
D) a downward-sloping line and conform to the Law of Demand.

Correct Answer:

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