PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2011

Practice Mode:
17.

The law of Demand' states that :

A: In general, quantity supplied equals quantity demanded
B: In general, price and quantity demanded in a given market are directly related;
C: In general, price and quantity demanded in a given market are inversely related;
D: In general, price and quantity demanded are not related

The answer is: C