According to the law of demand,
a. a decrease in price increases demand.
b. an increase in price decreases demand.
c. an increase in income increases demand.
d. a decrease in price increases quantity demanded.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the law of demand, a. a decrease in price increases demand. b. an increase in price decreases demand. c. an increase in income ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is one of the most common mistakes salespeople make? A) Walking away too soon B) Relying on charm C) Offering discounts D) Overselling
Answers (1)
Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $71,000 in raw materials were requisitioned for use in production.
Answers (1)
In which months of the year was inflation rate outside the target?
Answers (1)
How does newton's law apply to a company's brand? explain, citing at least one example. the bigger the brand the more force it takes to change where it stands such as let's say apple it would take a big hit to knock them down?
Answers (1)
A vending machine is designed to dispense 8 ounces of coffee into a cup. After a test that recorded the number of ounces of coffee in each of 1000 cups dispensed by the vending machine, the 12 listed amounts, in ounces, were selected from the data
Answers (1)
New Questions in Business
Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.
Answers (1)
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)
16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"
Answers (2)
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $3 per bushel, and 5 million
Answers (1)