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The statement "the quantity demanded of a product varies inversely with its price" is a definition of

A)

laissez-faire.

B)

the law of demand.

C)

the invisible hand.

D)

the law of competition

Verified Answer :

SpaceeQueenn

B.) The law of demand 

Hope this helps :)

The quantity demanded of a product varies inversely with its price is a definition of the law of demand. In other words if the product increases the demand decreases or if the price of product decreases the demand on the product increases.

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