Which of the following is consistent with the Law of Demand? Question 12 options: When price falls, quantity supplied falls also. When price rises, quantity demanded rises also. When price falls, quantity supplied rises. When price rises, quantity demanded falls.
Which of the following is consistent with the Law of Demand? Question 12 options: When price falls, quantity supplied falls also. When price rises, quantity demanded rises also. When price falls, quantity supplied rises. When price rises, quantity demanded falls.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
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Question
Which of the following is consistent with the Law of Demand ?
Question 12 options:
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When price falls, quantity supplied falls also.
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When price rises, quantity demanded rises also.
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When price falls, quantity supplied rises.
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When price rises, quantity demanded falls.
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