p4bfc6b6yu
p4bfc6b6yu p4bfc6b6yu
  • 01-10-2020
  • Business
contestada

How does the law of demand affect consumers

Respuesta :

sharmansierra25
sharmansierra25 sharmansierra25
  • 01-10-2020

Answer:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. ... As a result, the price consumers are willing to pay for a good decline as their utility decreases.

Answer Link

Otras preguntas

Find the equation of the line passing through point A and perpendicular to AB ?
Specific Heat of Water = 4.186 J g°C Specific Heat of Ice = 2.00 J g°C Molar Heat of Fusion = 6030 J mol Molar Heat of Vaporization = 40790 J mol You take
Please help! The sides of a regular hexagon are equal in length. The perimeter of the hexagon is at most 36 inches. Find the possible sides of the hexagon. Let
what is the meaning of y=mx+c
Find the length using Trigonometry and Pythagoras when applicable.
Which is the least reliable source of safety information? A. Medical Blog B. Government Organization C. Medical Professional D. Medical Journal
Which two parts of this excerpt from W. W. Jacobs's "The Monkey's Paw" show that the White family does not believe in the talisman's power? The other shook his
The wavelength of violet light is about 425 nm (1 nanometer = 1 × 10−9 m). what are the frequency and period of the light waves?
which of the following is an accurate description of the Maya mathematical system
What’s the volume of the cylinder