Question: When all other factors are being held constant, what does the law of demand state? O a) The higher the price of a good, the

When all other factors are being held constant, what does the law of demand state? O a) The higher the price of a good, the lower is the quantity demanded O b) The higher the price of a good, the lower is the quantity supplied. O c) Price and quantity supplied are positively related. O d) As income increases, willingness to pay for the last unit increases

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