63) The law of demand states that an increase in the price of a good
Answer is:
decreases the quantity demanded for that good along its demand curve
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
increases the quantity supplied of that good along its supply curve
Answer is:
an inferior good.
Answer is:
the marginal cost of providing ice cream cones increases as more cones are produced.
Answer is: