Ask Question
13 September, 03:54

What is a rule, a property, and an outcome in economics

+5
Answers (1)
  1. 13 September, 03:58
    0
    rule: Offer and Demand. Property: One is inversely proportional to the other. Outcome: If demand is high, prices for a certain good will rise. This effect will result in the consequence of demand going down due to the fact that a group of individuals doesn't perceive value in purchasing the good at the risen price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is a rule, a property, and an outcome in economics ...” in 📗 History 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