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The Law of Demand

Question 8 • RAIL NCAA OC Economics 2027

As the price per pair of running shoes rises, the quantity demanded is [___] .

Answer
A
increasing
B
decreasing
C
staying constant

Explanation

The law of demand says that, all else being equal, a higher price leads consumers to buy fewer units. So as the price per pair of running shoes rises, the quantity demanded is decreasing.

AI-written and checked against the verified answer.

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