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22 May, 04:56

The Law of Demand states that more of a product will be purchased at lower prices than at higher prices. True or False.

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  1. 22 May, 05:06
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    The Law of Demand is a microeconomic law that states that higher the price the lower the quantity, or the lower the price the higher the quantity, with this being said, more of a product will be purchased at lower prices.

    The answer is True
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