MC16. What is the law of demand?
A. The higher the price of a good, the lower the quantity demanded.
B. The higher the price of a good, the higher the quantity demanded.
C. The lower the price of a good, the higher the quantity demanded.
D. The lower the price of a good, the lower the quantity demanded.
Answer:A
MC16. What is the law of demand?
A. The higher the price of a good, the lower the quantity demanded. B. The higher the price of a good, the higher the quantity demanded. C. The lower the price of a good, the higher the quantity demanded. D. The lower the price of a good, the lower the quantity demanded.