The law of demand states that, other things remaining the same,

the quantity demanded rises when its price risesCorrect answerYour answerthe quantity demanded of a good falls when its price risesCorrect answerYour answerthe price rises when supply risesCorrect answerYour answerdemand rises when income fallsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Price and quantity demanded move in opposite directions, other factors held constant.

Concept: Law of demand
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsThe demand schedule, curve and law

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The law of demand states that, other things remaining the same,

Explanation