Which of the following statements correctly defines the law of demand?
O The lower the price of a commodity, the lower the quantity demanded of that
commodity.
O As the price of a commodity increases, the quantity demanded of that
commodity also increases.
O The lower the price of a commodity, the greater the quantity demanded of
that commodity.
The lower the price of a commodity, the greater the quantity supplied of that
commodity.
Answers: 2
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Which answer best describes an advantage of shipping goods by canal? most towns would rather have canals than noisy railroads. goods could travel very fast downstream in the canal system. travelling by boat is a much more relaxing way to transport goods. heavy loads of goods could travel by boat more easily than if pulled by horses.
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Which of the following statements correctly defines the law of demand?
O The lower the price of a...
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