Is the following quote correct? "Here's the law of demand in a nutshell. The lower the price, the higher the quantity demanded, other things constant."
A) Yes, it is totally correct.
B) No. It would be correct if it didn't say "other things constant."
C) No, because it confuses demand and quantity demanded.
D) No, because the law of demand does not apply to nutshells.
A
Economics
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