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Question
In a typical demand schedule, quantity demanded ______.
Options
Varies directly with price
Varies proportionately with price
Varies inversely with price
Is independent of price
MCQ
Fill in the Blanks
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Solution
In a typical demand schedule, quantity demanded varies inversely with price.
Explanation:
A typical demand schedule reflects the law of demand: quantity demanded rises as price falls and falls as price rises. It does not imply a direct, proportional or independent relationship.
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