For normal goods, the Law of Demand states that the relationship between price and quantity of goods is ______.

[1 mark]

direct

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positive

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indirect

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inverse

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Solution

The correct option is C indirect
The Law of Demand states the inverse or indirect relation between price and quantity demanded while keeping the other factors constant.

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Similar questions

Explain the relationship between the following:

(i) Prices of other goods and demand for the given goods

(ii) Income of the buyers and demand for a good

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