ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Which of the following most correctly states the law of demand ?
Group of answer choices
A. As the price goes up, all other things unchanged, demand will go down.
B. As the price falls all other things unchanged, demand will go up.
C. As the price falls, all other things unchanged, the quantity demanded will go down.
D. As the price falls, all other things unchanged, the quantity demanded will increase.
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