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WebWhich of the following best describes the Law of Demand? answer choices As price goes down, demand goes down. (and vice versa). As price goes down, demand goes up (and vice versa). As demand goes down, supply goes up. As demand goes up, price becomes elastic. Question 2 180 seconds Report an issue WebIn-Demand Group Business Consulting and Services Helping education thought leaders scale their businesses - and turn professional knowledge into profits. Follow View all 4 … WebGroup of answer choices normal and demand is inelastic inferior and demand is elastic normal and demand is elastic inferior and demand is inelastic Question 7 When price elasticity of demand of a particular good is inelastic, this means that demand is Group of answer choices very responsive to changes in price very responsive to changes in income fitzalan new school