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4 - Final Exam Flashcards | StudBud
4 - Final Exam
1 / 10
Which of the following describes the law of demand
A
When the price of a good or service rises, consumer purchase more of it
B
The price of a good or service falls, producers want to produce more of it
C
When the price of a good or service falls, consumers purchase more of it
D
When income levels rise, consumers demand less
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