AnswersRAIL NCAA OC Economics 2027The Law of DemandQuestion 15
15
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The Law of Demand

Question 15 • RAIL NCAA OC Economics 2027

This demand curve demonstrates the law of demand.

Answer
The law of demand states that as the price of a good rises, the quantity demanded of that good will .:

decrease

As the price of a good falls, the quantity demanded of that good will .:

increase

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