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Managerial economics section a 1-b 2-b 3-a 4-b 5-b 6-b 7-c 8-a 9-d 10-b author: alice jayakumari created date: 8/26/2010 6:49:52 am. Answer : law of demand : the law of demand states that, all other things being equal, the quantity bought of a good or service is a function of price.
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