The law of demand states that as the price of a good increases: more of it is produced. buyers desire to purchase less of it. government will start to regulate it.

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The law of demand states that as the price of a good
increases:
more of it is produced.
O buyers desire to purchase less of it.
O government will start to regulate it.
O suppliers wish to sell less of it.
Transcribed Image Text:The law of demand states that as the price of a good increases: more of it is produced. O buyers desire to purchase less of it. O government will start to regulate it. O suppliers wish to sell less of it.
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