This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true for the law of demand? a. Sellers increase the quantity of a good ... (Read 43 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Which of the following is true for the law of demand?
 a. Sellers increase the quantity of a good available as the price of the good increases.
  b. An increase in price results from false needs.
  c. There is an inverse relationship between the price of a good and the quantity of the good demanded.
  d. Prices increase as more units of a product are demanded.

Question 2

The law of demand is illustrated by a demand curve that is:
 a. horizontal. b. downward-sloping.
  c. vertical. d. upward-sloping.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Gracias!

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
The original Supply and Demand graph The original Supply and Demand graph
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library