Quizzol

QUESTION:

he law of demand states that an increase in the price of a good ________.

a. decreases the demand for that good

b. increases the supply of that good

c. decreases the quantity demanded for that good

d. does none of the answer choices

e. increases the quantity supplied of that good

ANSWER:

b. decreases the quantity demanded for that good.

Posted by Cleveland on August 30, 2024