The law of demand refers to the:
a. negative relationship between the price of a good and the willingness of producers to sell it.
b. price increase that results from an increase in demand
c. inverse relationship between the price of a good and the quantity demanded.
d. increase in the quantity of a good made available when its price increases.
c
Economics
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Speculators play a role in the economy similar to that played by
a. farmers. b. investment banks. c. insurance companies. d. stockbrokers.
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What is the relationship between the long-run industry supply curve and the short-run supply curve in a perfectly competitive market?
Economics