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What Does the Law of Demand State About the Relationship

Question 10

Multiple Choice

What does the law of demand state about the relationship between price and quantity?  


A)  There is a positive relationship between price and quantity demanded. 
B)  Price is the only factor that influences the quantity that people are willing and able to buy. 
C)  Price and quantity demanded are inversely related. 
D)  The demand curve shifts whenever the price of a good changes.

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