TheQuietDragon
TheQuietDragon TheQuietDragon
  • 26-03-2018
  • Social Studies
contestada

Provide a definition of the law of demand and explain how it can be used to determine prices. Provide an example of your own to illustrate this concept. Please help!

Respuesta :

MsClementine
MsClementine MsClementine
  • 06-04-2018
The law of demand is when the price of a good increases, the quantity or amount of the good demanded decreases.  As the price of the good decreases, the quantity demand increases.  The higher the price of a good, the lower the demand for that good. 
Answer Link

Otras preguntas

Need Help Fast Please!!!
What was a main purpose of the 1866 Civil Rights Act?
If u cut out an rectangular piece of wrapping paper that was 2 times as long and 3 times as wide as the box that she was wrapping. The box was 5 inches long and
A $32 item is marked as 20% off. What is the sale price?
Help please with this!!
As a historian how should one handle one's own beliefs when it comes to God when faced with evidence that may not conform to one's own beliefs?
What is one factor that motivated representatives from Europe's major powers to meet at the Congress of Vienna? A. A desire to prevent any single country from d
Which statements can be supported by using a position-time graph? Check all that apply. A negative slope results when an individual is moving toward the origin.
Simplify (-2x3)2 · y · y9. A) -4x6y8 B) -4x4y8 C) 4x6y10 D) -4x4y10
Young people have a real sense of the realities of death and do not see themselves as invincible.