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People Respond to Incentives
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Problem 9
Problem 10
People Respond to Incentives
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0. Basic Principles of Economics / People Respond to Incentives / Problem 10
Problem 10
What is the law of demand?
A
Price changes have no effect on the quantity demanded.
B
As the price of a good increases, the quantity demanded decreases.
C
As the price of a good increases, the quantity demanded increases.
D
As the price of a good decreases, the quantity demanded decreases.
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