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 10 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
Wow, this really help

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Are good deeds selfish? Are good deeds selfish?
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library