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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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