MC3. The law of demand states that:
A. As the price of a good or service increases, the quantity demanded will increase.
B. As the price of a good or service increases, the quantity demanded will decrease.
C. As the price of a good or service decreases, the quantity demanded will increase.
D. As the price of a good or service decreases, the quantity demanded will decrease.
Answer:B
MC3. The law of demand states that:
A. As the price of a good or service increases, the quantity demanded will increase. B. As the price of a good or service increases, the quantity demanded will decrease. C. As the price of a good or service decreases, the quantity demanded will increase. D. As the price of a good or service decreases, the quantity demanded will decrease.