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Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases. B) buy more of a good as the price of the good falls.
C) will spend all of their money on something. D) want more of everything even if they have no money to buy anything.

Answer:   B) buy more of a good as the price of the good falls.



Explanation:
Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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