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The law of demand states that other things being equal there is:
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[A]. |
An inverse relationship between the quantity demanded and income of the consumer | [B]. |
A positive relationship between the quantity demanded and its price
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[C]. |
An inverse relationship between the rate of change in the quantity demanded and the price of the commodity | [D]. |
An inverse relationshhip between the quantity demanded and its average cost of production. (188) |
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