Ask Question
BusinessBusiness
18 March, 07:28

If prices go up, demand goes up.

Question 19 options:

True

False

+3
Answers (1)
  1. 18 March, 07:47
    0
    False

    Explanation:

    The price of a product and the demand have an inverse relationship which means that if the price decreases, the quantity demanded will increase. So, according to this, when the price of a product go up, people are less willing to buy it which results in a decrease in the demand. Because of this, the statement that says if prices go up, demand goes up is false.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If prices go up, demand goes up. Question 19 options: True False ...” 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
Choose all that apply. Amy wants to start her own business. How can Amy become more knowledgeable about starting her own business? Set goals Read some books Talk with people who have started a successful business Take classes at a college.
Answers (1)
An online stock trading firm is in the process of implementing a system to provide secure e-mail exchange with its customers. What is the BEST option to ensure confidentiality, integrity and nonrepudiation
Answers (1)
Suppose at the end of the meeting that Jack agrees to offer the restaurant buyout, including the non-competition agreement. Prior to Jack and Sophia agreeing to the offer, however, Jack changes his mind. Can he do so? A.
Answers (1)
Prepare journal entries to record each of the following purchases transactions of a merchandising company. Assume a perpetual inventory system. Nov. 5 Purchased 600 units of product at a cost of $10 per unit.
Answers (1)
The invisible-hand concept suggests that. A. profit maximization is inconsistent with an efficient allocation of resources. B. government action is necessary to correct for market failures. C.
Answers (1)
New Questions in Business
In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).
Answers (1)
Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False
Answers (1)
Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?
Answers (2)
The most serious derailment pattern for leaders seeking promotion is:
Answers (1)
Which of the following statements is false about wind power? A. It is a clean source of energy B. It is most profitable in areas that have fairly continual winds C. It is the least competitive of all forms of renewable energy, in terms of cost D.
Answers (1)
Home » Business » If prices go up, demand goes up. Question 19 options: True False
Sign Up Forgot Password?