The law of demand states that
A) scarcity can never be solved.
B) when the price of a product falls, people buy more of it.
C) supply creates its own demand.
D) prices will continue to rise as long as the population grows.
Correct Answer:
Verified
Q7: If the Surgeon General announces that colas
Q8: Please refer to the following diagram.
Q9: My income rose and the price of
Q10: The real price of a product is
Q11: Which is not true of market equilibrium?
A)All
Q13: If income rises
A)the demand curve will shift
Q14: Please refer to the following diagram
Q15: If the government decides to set the
Q16: If the State of California decides to
Q17: Please refer to the following diagram.
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