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    Question

    According to the law of demand, what is the relationship

    between price and quantity demanded
    A Directly proportional Correct Answer Incorrect Answer
    B Inversely proportional Correct Answer Incorrect Answer
    C Constant Correct Answer Incorrect Answer
    D Unrelated Correct Answer Incorrect Answer

    Solution

    The law of demand states that price and quantity demanded are inversely proportional; as price decreases, quantity demanded increases, and vice versa.

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