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Author Question: The law of demand states that, other things being equal, a decrease in the price of a good will result in (Read 73 times)

storky111

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on: May 25, 2020

Question 1

If a market is trading at an 'equilibrium price'
◦ there is no surplus or shortage of the good or service.
◦ the quantity demanded equals the quantity supplied.
◦ the price will not change in the future.
◦ A and B

Question 2

The law of demand states that, other things being equal, a decrease in the price of a good will result in
◦ greater production of the good.
◦ a decrease in the quantity willingly purchased.
◦ an increase in the quantity willingly purchased.
◦ a surplus.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by storky111 on May 25, 2020

chloejackso

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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storky111

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

ultraflyy23

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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