Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.1: What Is Demand
Problem 1ST
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![According to the law of demand, when the price
of an item goes up, the quantity demanded
stays at the same level
falls
rises
adjusts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70b62e2d-03f2-4b75-9fa2-b6dfe1d0118a%2Fad604e18-8074-4c2c-a03e-0b21c3552976%2Fpw1druw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:According to the law of demand, when the price
of an item goes up, the quantity demanded
stays at the same level
falls
rises
adjusts
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