![23lopezjimenezl](/avatars/11492.jpg)
23lopezjimenezl
15.11.2019 •
Business
The law of demand states that:
a. as price falls, quantity demanded increases, ceteris paribus.
b. as price falls, demand falls, ceteris paribus.
c. as price falls, demand increases, ceteris paribus.
d. as price falls, quantity demanded falls, ceteris paribus.
Solved
Show answers
More tips
- H Health and Medicine Get Rid of Warts: Simple and Effective Ways...
- S Style and Beauty How to Choose the Perfect Hair Color?...
- C Computers and Internet Best iPad Games: Our Opinion...
- A Animals and plants Man s Best Friend: Which Dog Breed Is the Most Friendly?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
Answers on questions: Business
- B Business The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Do not round your intermediate calculations. Click on the datafile...
- M Mathematics 100^100 what is the answer i know it s easy...
- M Mathematics PLEAS HELP Given g(x) = -2 – 2, find g(3)....
- E English What was buck s life like with john thornton? in the call of the wild...
Ответ:
The law of demand States that as price falls, quantity demanded increases and vice versa. (A).
Explanation:
In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).
In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.
Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.
For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.
Ответ:
What is that?
Explanation: