As a burgeoning entrepreneur Astrid is taking a course about economic laws as it is important that entrepreneurs know about these laws and relation to the marketplace today's lecture will cover a lot of that states buyers will purchase more of a product or service as its price drops what title makes the most sense for today's lecture?

Question

A. The law of supply
B. the law of absolute advantage
C. the law of demand '
D. the law of comparative advantage

Answer 1

The title that makes the most sense for today's lecture, which states that buyers will purchase more of a product or service as its price drops, is C. The law of demand.