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Author Question: The law of demand states that A) people demand less at lower prices. B) the quantity demanded is ... (Read 49 times)

scienceeasy

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The law of demand states that
 
  A) people demand less at lower prices.
  B) the quantity demanded is directly related to price.
  C) the quantity demanded is inversely related to price.
  D) changes in price and changes in quantity demanded move in the same direction.

Question 2

Macroeconomics is best defined by which of the following statements?
 
  A) Macroeconomics is the study of how firms attempt to maximize profits.
  B) Macroeconomics is the study of the behavior of the economy as a whole.
  C) Macroeconomics is the study of individual households.
  D) Macroeconomics is the study of how the prices of individual goods are determined.


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janeli

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scienceeasy

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Reply 2 on: Jun 29, 2018
Excellent


ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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