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The statement "the quantity demanded of a product varies inversely with its price" is a definition of

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Answer:law of. Damand

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User Bernhard Pointner
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The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question.
User GoClimbColorado
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