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Ceteris paribus, when the price of a good increases, consumers want to purchase less of that good. What is this phenomenon called? Select one: a.

Ceteris paribus, when the price of a good increases, consumers want to purchase less of that good. What is this phenomenon called? Select one: a. law of supply b. law of one price c. invisible hand d. law of demand e. law of scarcity

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