The law of demand says that the lower the price charged for a good, ceteris paribus, the:
A. greater the quantity demanded per period of time.
B. greater the demand for the good per period of time.
C. smaller the demand for the good per period of time.
D. smaller the quantity demanded per period of time.
Answer: A
Economics
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a. can be used to measure a market's efficiency. b. is the sum of consumer and producer surplus. c. is the value to buyers minus the cost to sellers. d. All of the above are correct.
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