Which of the following events illustrates the law of demand? Other things remaining the same, a rise

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Which of the following events illustrates the law of demand? Other things remaining the same, a rise in the price of a good will ________ .

A. Decrease the quantity demanded of that good

B. Increase the demand for a substitute of that good

C. Decrease the demand for the good

D. Increase the demand for a complement of that good

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 05:31 AM

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Which of the following events illustrates the law of demand? Other things remaining the same, a rise

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A The law of demand ...View the full answer

Foundations of Macroeconomics

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