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18 Aug 2020
Which of the following defines a demand curve?
a. The law of demand represents a state in which the conflicting forces of supply and demand are in balance.
b. The law of demand represents those resources that go into the production of any given product.
c. A principle that states there is a direct relationship between the price of a good and the quantity of it producers are willing to supply.
d. A principle that states there is an inverse relationship between the price of a good and the quantity of it buyers are willing to purchase.
Which of the following defines a demand curve?
a. The law of demand represents a state in which the conflicting forces of supply and demand are in balance.
b. The law of demand represents those resources that go into the production of any given product.
c. A principle that states there is a direct relationship between the price of a good and the quantity of it producers are willing to supply.
b. The law of demand represents those resources that go into the production of any given product.
c. A principle that states there is a direct relationship between the price of a good and the quantity of it producers are willing to supply.
d. A principle that states there is an inverse relationship between the price of a good and the quantity of it buyers are willing to purchase.
Sonia DhawanLv10
25 Sep 2020