says that the quantity demanded of a good folls when the price of 1 point the good rises.

A) The Law of Supply

B) The Law of Demand

C) Market Structure

D) Market Equilibrium

Question

05-02-2021
Business

Answered

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says that the quantity demanded of a good folls when the price of 1 point the good rises.

A) The Law of Supply

B) The Law of Demand

C) Market Structure

D) Market Equilibrium

Sagot :

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Samawatiidn Samawatiidn · Answer 1 · 2021-02-06T14:51:33-05:00

Samawatiidn Samawatiidn

06-02-2021

Answer:

B) The Law of Demand

Explanation:

The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.

Should the prices of a product or service increase, its demand falls.

Answer Link

Sagot :

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