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Which of These Statements Best Represents the Law of Demand

Question 1

Multiple Choice

Which of these statements best represents the law of demand?


A) When buyers' tastes for a good increase,they purchase more of the good.
B) When income levels increase,buyers purchase more of most goods.
C) When the price of a good decreases,buyers purchase more of the good.
D) When buyers' demands for a good increase,the price of the good increases.

Correct Answer:

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