Asked by Anonymous

According to the law of demand, low prices serve mostly as a ________ for buyers.

a) supply

b) reward

c) substitute

d) penalty

Is it b?


In economics, what is a substitute?

a) a good or service that is more expensive than the one the buyer first wanted

b) a good or service that experiences a price change because of supply and demand

c) a good or service used to determine relative prices in a marketplace

d) a good or service that people buy because the one they want is too expensive

Is it d?

Answers

Answered by bobpursley
yes, and yes.
Answered by someone
1.B
2.C
3.D
4.A
5.C

All of these are correct
Someone is 100% Correct
Answered by aesthetic
"someone" is correct!! Thanks dude.
Answered by Dehappyman
Thank you "someone"
Answered by Allison asher
Thank ya someone that helps alot
Answered by 👾S👾
Someone mine has same questions but i have 27 of them
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