MCQOPTIONS
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| 1. |
The law of demand implies that |
| A. | the higher the price of a good, the lesser the quantity demanded |
| B. | the higher the price of a good, the higher the quantity demanded |
| C. | the higher the quantity demanded, the higher the price of a good |
| D. | All of the above |
| Answer» B. the higher the price of a good, the higher the quantity demanded | |