Midterm Exam - le/content/413109/viewContent/9029254/View Exam Time Left:1:07:25 Eva ONDONGO NGALA: Attempt 1 Question 27 (1 point) Law of demand is the inverse relationship between price and quantity demanded, as price falls, the quantity demanded rises, and as price rises, the quantity demanded falls. True False Question 28 (1 point) Law of supply is the inverse relationship between price and quantity supplied-that a higher price leads to a lower quantity supplied, and a lower price leads to a higher quantity supplied. True False Question 29 (1 point) If good A is a substitute for good B, like Coke and Pepsi, then a higher price for B will generally mean a higher quantity consumed of A. True False MacBook Pro C G Search or type URL + %