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An increase in the price of heating oil causes a decrease in the quantity of heating oil demanded.

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Q: Which is most consistent with the law of demand?
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Related questions

What does the law of demand suggest that most demand curves will be?

The law of supply predicts the supply curve will be upward sloping.


What is demand and law of demand?

The law of demand is that when you demand something you MUST say please and thank you, it's the law.


What is derivation of law of demand?

Law of demand is the higher the price the lower of goods demand for


Law of demand and supply?

Consumers is the law of supply and demand.


Why does the law of demand hold?

why does the4 law of demand holds


Example of law of demand?

marketing is a great example of law of demand


Define law of demand?

the law of demand state there is a negative or inverse relation ship


How is the law of demand related to the demand curve?

Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.


How is law of demand related to the demand curve?

Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.


Can the Miter and bevel settings on the saw easily make consistent repetitive cuts?

They should but still they demand care and a good "hand" to make consistent cuts.


What is an exampe of a law of demand?

law f exponent


Law of supply and demand which one starts?

In the law of supply and demand, the first to start is the demand as customers are wanting the particular service or product that is being offered.