1. The cumulative distribution function 1
of a continuous random variable X is *
O Continuous and non Decreasing
O Continuous and decreasing
o
Continuous and constant
O Discontinuous and Increasing
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It's True
The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.
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