Q. The law of demand states that
A) if the price of a good increases, the the demand for that good increases.
B) if the price of a good increases, the demand for that good decreases.
C) if the price of a good increases, the quantity demanded of that good increases.
D) if the price of a good increases, the quantity demanded of that good decreases.
✔ Correct Answer: if the price of a good increases, the quantity demanded of that good decreases.
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