The Law of Demand Implies, Holding Everything Else Constant, That

question 38

Multiple Choice

The law of demand implies, holding everything else constant, that as the price of ice cream:

• A)increases, the demand for ice cream will increase.
• B)increases, the quantity of ice cream demanded will increase.
• C)decreases, the quantity of ice cream demanded will increase.
• D)decreases, the demand for ice cream will increase.

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