Question on: SS2 Economics - Meaning of Demand And Supply
What is the law of demand?
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A
As the price of a good or service increases, the quantity demanded of that good or service increases.
B
As the price of a good or service decreases, the quantity demanded of that good or service decreases.
C
As the price of a good or service increases, the quantity supplied of that good or service decreases.
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Correct Option: B
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