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The "Demand Rule" States That an Increase in the Demand

Question 45

Multiple Choice

The "demand rule" states that an increase in the demand for a commodity will raise the price of the commodity.This may not be the case when the supply curve is:


A) backward-bending.
B) perfectly inelastic.
C) upward-sloping.
D) all of the above.
E) none of the above.

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