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The law of demand states that select one:

a. consumers will exhaust their incomes as they purchase goods and services at given absolute prices.
b. at lower relative prices, a larger quantity of a good will be purchased than at higher relative prices.
c. there is a direct positive relationship between relative price and quantity demanded.
d. if the price of a good increases both relatively and absolutely, there will be no change in quantity demanded.

User Feng Zhang
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