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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1263125
Introduction to Economics 1 Deneme Sınavı Sorusu #1263125
"The law of demand indicates that......." Which of the following most appropriately comletes the statement above?
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when the price of a good decreases, the quality of that prodıuct decreases |
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when the price of a good increases, the demand for the production of that good decreases |
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when the price of a good decreases, the quality of that good increases accordingly |
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when the price of a good increases, the quantity demanded of that good decreases |
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when the price of a good increases, the quantity demanded for that |
Yanıt Açıklaması:
The law of demand indicates that when the price of a good increases, the quantity demanded of that good decreases. Also, it tells us that for the normal goods an increase in income causes individuals to buy more of that good.
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