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 17 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
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
TrUe....FaLsE TrUe....FaLsE
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Peanut butter is good source of protein Peanut butter is good source of protein
Video: Digestion Animation

For a complete list of videos, visit our video library