The law of demand states that as the price of a particular good or service increases, _____.(1 point)

Responses

demand increases
demand increases
quantity demanded increases
quantity demanded increases
demand decreases
demand decreases
quantity demanded decreases

1 answer

quantity demanded decreases

Ask a New Question or answer this question.

Similar Questions

The law of demand states that as the price of a particular good or service increases, _____.(1 point)Responses quantity demanded
1. 1 answer
Which of the following states the law of supply and demand?(1 point)ResponsesAll things being equal, the higher the price of a
1. 1 answer
17. The current price for a good is $20, and 100 units are demanded at that price. The price elasticity of demand for the good
1. 4 answers
As the price of a good or service increases, consumers will purchase a lower quantity of that good or service due, in part, toto
1. 1 answer