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Author Question: The law of demand is graphically demonstrated by a(n): a. perfectly vertical demand curve. b. ... (Read 35 times)

Mr.Thesaxman

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The law of demand is graphically demonstrated by a(n):
 a. perfectly vertical demand curve.
  b. perfectly horizontal demand curve.
  c. downward-sloping demand curve.
  d. upward-sloping demand curve.
  e. curved demand line.

Question 2

According to the law of demand, if:
 a. product price increases, quantity demanded will decrease.
  b. consumer income increases, quantity demanded will increase.
  c. product price increases, quantity demanded will increase.
  d. consumer income increases, quantity demanded will decrease.
  e. supply increases, demand will increase.



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fromAlphatoOmega22

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Answer to Question 1

c

Answer to Question 2

a




Mr.Thesaxman

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ricroger

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Reply 3 on: Yesterday
Wow, this really help

 

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