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28 July, 13:05

Which of the following interactions is consistent with the law of demand?

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Answers (2)
  1. 28 July, 13:25
    0
    Which of the following is consistent with the law of supply:

    1. The price of a good falls and its supply decreases.

    2. The price of a good rises and its quantity supplied decreases.

    3. The price of a good rises and its supply increases.

    4. The price of a good rises and its quantity supplied increases.

    As the price of a product goes down, the quantity supplied goes up. As the price of a product goes up, the quantity supplied goes down. As the price of a product goes down, the quantity supplied goes down. As the price of a product goes up, the quantity supplied stays the same.
  2. 28 July, 13:34
    0
    A. A decrease in the price of tacos causes no change in the quantity of tacos demanded

    b. An increase in the price of pizza causes an increase in the quantity of pizza demanded

    c. An increase in the price of hamburgers causes a decrease in the quantity of hamburgers demanded

    d. A decrease in the price of turkey sandwiches causes a decrease in the quantity of turkey sandwiches demanded

    If these are the choices then the answer will be C
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