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m_a_m_a [10]
3 years ago
12

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises, A. the demand curv

e shifts leftward. B. there is a movement up along the demand curve to a smaller quantity demanded. C. there is a movement down along the demand curve to a larger quantity demanded. D. the demand curve shifts rightward.
Business
1 answer:
nadya68 [22]3 years ago
3 0

Answer:

B. there is a movement up along the demand curve to a smaller quantity demanded.

Explanation:

Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.

It represents the inverse relation between the price and the quantity demanded of the good

Therefore the quantity demanded get decreased with the price

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<h3>How to calculate the days in inventory for valley markets ?</h3>

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