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Author Question: The law of demand is graphically demonstrated by a(n): a. perfectly vertical demand curve. b. ... (Read 45 times)

Mr.Thesaxman

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Mr.Thesaxman

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  • Posts: 514
Reply 2 on: Jun 30, 2018
Excellent

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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