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Author Question: Which of the following is true for the law of demand? a. Sellers increase the quantity of a good ... (Read 18 times)

saraeharris

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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.


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cascooper22

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

c

Answer to Question 2

b


saraeharris

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

xthemafja

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

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