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1 Oct 2019

The law of demand states that all else held constant: 

 

a.)price and quantity are inversely related.

 

b.)consumers will buy more of a product at higher prices than at lower prices.

 

c.)price and income have a direct relationship.

 

d.)the larger the number of buyers in a market, the lower the product price will be.

 

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Elin Hessel
Elin HesselLv2
11 Sep 2019
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