What is a basic principle of the law of demand

Asked by admin @ 27/09/2021 in Social Studies viewed by 444 People

What is a basic principle of the law of demand?

A)
The higher the price, the more people will want the good.
B)
Everyone has a limited income that they will spend.
C)
When a good's price is lower, people will buy more of it.
D)
Services are of interest in the same way that goods are

Answered by admin @ 27/09/2021

When a good’s price is lower, people will buy more of it. Confirmed 100%

How do the laws of supply and demand affect money

Asked by admin @ 22/11/2021 in Business viewed by 291 persons

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Why is the law of supply and demand so powerful

Asked by admin @ 29/10/2021 in Social Studies viewed by 287 persons

Supply and demand are powerful forces in a free market. In four to five sentences, explain some of the factors that cause shifts in supply and demand and what the …

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The Basic Speed Law means you should __________ A. obey the speed limit. B. slow down if you do not know the speed limit. C. do not go faster than …

Basic speed law

Asked by maham237 @ 13/01/2021 in Social Studies viewed by 348 persons

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Difference between law of demand and elasticity of demand

Asked by admin @ 16/08/2021 in Economy viewed by 352 persons

Difference between law of demand and elasticity of demand?!

Which explains the connection between the law of demand and excess demand?

Asked by maham237 @ 26/12/2020 in Geography viewed by 307 persons

Which explains the connection between the law of demand and excess demand? The law states that decreases in price leads to greater quantity demanded and limited ly, which occurs during …