17)Which of the following is (are) consistent with the law of demand? * a)Both (b) and (c) above. b)As the price of a good falls, the quantity demanded of the good falls. c)As the price of a good rises, the quantity demanded of the good rises. d)As the price of a good rises, the quantity demanded of the good falls.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
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17)Which of the following is (are) consistent with the law of demand? *

a)Both (b) and (c) above.

b)As the price of a good falls, the quantity demanded of the good falls.

c)As the price of a good rises, the quantity demanded of the good rises.

d)As the price of a good rises, the quantity demanded of the good falls.

 

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