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 of the following statements correctly defines the law of demand?
O The lower the price of a...
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