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"Other Things Equal,when the Price of a Good Rises,the Quantity

Question 6

Multiple Choice

"Other things equal,when the price of a good rises,the quantity demanded of the good falls,and when the price falls,the quantity demanded rises." This relationship between price and quantity demanded


A) applies to most goods in the economy.
B) is represented by a downward-sloping demand curve.
C) is referred to as the law of demand.
D) All of the above are correct.

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