Question

According to the law of demand, all other things being equal,

a. the quantity demanded falls when the price falls, and the quantity demanded rises when the price rises.

b. the quantity demanded falls when the price rises, and the quantity demanded rises when the price falls.

c. the demand falls when the price falls, and the demand rises when the price rises.

d. the demand falls when the price rises, and the demand rises when the price falls.

e. price and quantity are always positively correlated.

Answer

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