Ask Question
5 April, 21:47

According to the law of demand, price and quantity move

+3
Answers (2)
  1. 5 April, 22:03
    0
    Yes they move based on each other and are controlled by the seller not the consumer
  2. 5 April, 22:10
    0
    If a price of a product rises, then the amount of those products offered by suppliers will rise as well. The opposite works the same way: if the price decreases, then the amount of offered products decreases as well.

    The logic is: if you see that you can sell something for more money, then you have a reason to produce more of that, because there is a high demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the law of demand, price and quantity move ...” in 📗 Social Studies 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