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Economics

Question 1: The law of demand states that, other things being constant:

A- as the price increases, the quantity demanded will increase.

B- as the price increases, the demand curve will shift to the left.

C- as the price increases, the demand curve will shift to the right.

D- as the price increases, the quantity demanded will decrease.

Question 2: Which of the following causes a movement along the demand curve?

A- Change in the prices of related goods

B- Change in the price of the good

C- Change in the population

D- Change in demand

E- a, c, and d are all correct

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229140

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