carolinec7374 carolinec7374
  • 07-02-2020
  • Business
contestada

According to the law of demand, what is the relationship between price and quantity demanded?

Respuesta :

Dryomys Dryomys
  • 08-02-2020

Answer:

According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.

Answer Link

Otras preguntas

Which instrument listed below is NOT a membranophone? A. Tof B. Dumbek C. Bodhran D. Shereke
What is social participation and why it is important for socialization?
Which of the following is a producer
8 lb 3 oz = ? Oz please please
8. What's one way to check the answer to 5 × 6 = 30? A. 30 × 6 = 5 B. 5 ÷ 6 = 30 C. 30 ÷ 6 = 5 D. 30 × 5 = 6
A book costs $12.50 plus sales tax. After tax it costs $13.25. What is the sales tax rate?
what is the true meaning of this world??​
Complétez chaque phrase en choisissant le bon verbe. Ils ________ au théâtre ensemble. sont allés ont allé ont acheté ont rendu
Who is michael jordan and what did he do?
I just want to make sure... ( I chose B) What does the word in parenthese mean in the following sentence? Elle (a de la chance), elle a encore gagné. has an opp