Question

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?

Answer 1

yes, and yes.

Answer 2

1.B
2.C
3.D
4.A
5.C

All of these are correct

Answer 3

Someone is 100% Correct

Answer 4

"someone" is correct!! Thanks dude.

Answer 5

Thank you "someone"

Answer 6

Thank ya someone that helps alot

Answer 7

Someone mine has same questions but i have 27 of them