Exam Question
Which of the following is the best example of the law of demand
- 1. As the price of fur coats decreases, more consumers will buy them
- 2. As the price of fur coats increases, more consumers will buy them
- 3. As the price of fur coats decreases, people buy more wool jackets
- 4. As the price of fur coats increases, people buy more leather jackets
View Answer
Answer 1. As the price of fur coats decreases, more consumers will buy them
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