Ask Question
3 February, 04:49

According to the law of demand, as prices increase, quantity demanded

increases.

decreases.

stays the same.

disappears.

+2
Answers (1)
  1. 3 February, 05:07
    0
    The law of demand gives the dependency between price and quantity demand. It states that the as price increases, quantity demanded decreases and as price decreases, quantity demanded increases.

    According to the law of demand, as the price of a good or service increases, the quantity demanded of the good or service will decrease.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the law of demand, as prices increase, quantity demanded increases. decreases. stays the same. disappears. ...” 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