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Digiron [165]
3 years ago
6

Which of the following is consistent with the law of​ demand?

Business
1 answer:
ddd [48]3 years ago
6 0

Answer:

C. A doublingdoubling of the price of salt led to a 5 percent dropdrop in the quantity of salt purchased

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price , the higher the quantity demanded.

An increase in the price of salt leading to a decline in quantity demanded is consistent with the law of demand.

I hope my answer helps you.

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March 15                 Debit                Credit

Dividends                $22,470,000

Dividends Payable                         $22,470,000

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Dividends                $22,470,000

Dividends Payable                         $22,470,000

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April 13

Dividends Payable   $22,470,000

Cash                                                 $22,470,000

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