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
Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The company actually used 630 pounds of direct materials costing $30.00 per pound to make the 7,000 units.
Answers (1)
Joanne and Patrick work for two different corporations. Joanne's company is very structured, follows rigid rules, and expects employees to behave in a certain manner.
Answers (1)
Is nav a underrated rapper
Answers (1)
A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks.
Answers (1)
Shirley was laid off by her employer. What benefit is she entitled to receive?
Answers (1)
New Questions in Business
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)
Joan is a manufacturing engineer who works on a new product development team along with members from design, engineering, production, purchasing, finance, marketing, and quality assurance.
Answers (2)
Which are costs subtracted from in calculating profit? revenue wages overhead debt
Answers (1)
What type of mortgage has set payments for the life of the loan? A: Varying-rate mortgage B: Fixed-rate mortgage C: Adjustable-rate mortgage D: Index-rate mortgage
Answers (1)
Home » Business » If prices go up, demand goes up. Question 19 options: True False
Sign Up Forgot Password?