The Law of Demand states that: A) the demand for a commodity is mostl
The Law of Demand states that:
A) the demand for a commodity is mostly influenced by consumers’ income.
B) the quantity demanded of a commodity is the same for all consumers in a perfectly competitive market.
C) the quantity demanded of a commodity varies inversely with the price of the commodity.
D) the demand for a commodity always equals the supply of the commodity.
ANSWER
C
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