Which of the Following Is True for the Law of Demand

question 151

Multiple Choice

Which of the following is true for the law of demand?

• A) Sellers increase the quantity of a good available as the price of the good increases.
• B) An increase in price results from false needs.
• C) There is an inverse relationship between the price of a good and the quantity of the good demanded.
• D) Prices increase as more units of a product are demanded.

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