This topic contains a solution. Click here to go to the answer

Author Question: The law of demand states that a. there is a positive relationship between price and quantity ... (Read 66 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
The law of demand states that
 a. there is a positive relationship between price and quantity demanded
  b. price is the only factor that influences the quantity that people are willing and able to buy
  c. price and quantity demanded are inversely related
  d. the demand curve shifts whenever the price of a good changes
  e. by producing a product, firms create a demand for it

Question 2

The law of demand says that the lower the price of a good, other things constant,
 a. the smaller the demand for that good
  b. the larger the demand for that good
  c. the smaller the quantity demanded of that good
  d. the larger the quantity demanded of that good
  e. the smaller the real income of consumers and the lower the quantity demanded of that good



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joewallace

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

C

Answer to Question 2

D




torybrooks

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Gracias!


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

For a complete list of videos, visit our video library