The law of demand states that
A) consumers with more income will spend more on goods and services.
B) a higher price will lead to increased sales.
C) the price can never be too high for some consumers.
D) quantity demanded of a good will vary inversely with the price of that good.
Answer: D
Economics
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Which of the following would cause a firm's cost curves to shift upward?
a. a reduction in resource prices b. a decrease in taxes c. an improvement in technology d. an increase in government regulations
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