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The "law of demand" states that changes in

A) demand are related directly to changes in supply.

B) the quantity demanded of a good are not related to changes in the quantity supplied.

C) the quantity demanded of a good are inversely related to changes in its price.

D) demand are inversely related to changes in supply.

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Margaux Elysse C. Siason
Margaux Elysse C. SiasonLv6
14 Sep 2020

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Related questions

The typical supply curve illustrates that:

A) other things equal, the quantity supplied for a good is inversely related to the price of a good.

B) other things equal, the supply of the good creates its own demand for the good.

C) other things equal, the quantity supplied for a good is positively related to the price of a good.

D) price and quantity supplied are unrelated.

The typical supply curve illustrates that:

A) other things equal, the quantity supplied for a good is inversely related to the price of a good.

B) other things equal, the supply of the good creates its own demand for the good.

C) other things equal, the quantity supplied for a good is positively related to the price of a good.

D) price and quantity supplied are unrelated.Β 

since price and quantity demanded are inversely related,Β the price elasticity of the demand coefficient would always be a ____________ number

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