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24 March, 05:22

Other things remaining equal, the law of demand says that higher prices will lead to a A. smaller quantity demanded and lower prices to a larger quantity demanded. B. larger quantity demanded and lower prices to a larger quantity demanded. C. larger quantity demanded and lower prices to a smaller quantity demanded. D. smaller quantity demanded and lower prices to a smaller quantity demanded.

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  1. 24 March, 08:25
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    The answer is A.

    Explanation:

    Other things remaining equal, the law of demand says that the higher the price, the lower the quantity demanded and the lower the price the higher the quantity demanded.

    Suppose a good is being sold at $5 and 20 quantities are being demanded, if the price increases to $6, lesser of that goods should be demanded
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