Ask a New Question

Asked by Kando

The law of demand states that there is a negative relationship between price of a good and the quantity demanded ceteris paribus.
1. Explain the meaning of this statement.give practical example
1 year ago

Answers

There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

let x-f(p)=10(16-p) be a demand function find the domain of this function and find where demand is e... what is law of demand? According to the law of demand, low prices serve mostly as a ________ for buyers. a) supply b... LTC=2q-2q^2+q^3 Demand p=100-q Determine the long run equilibrium Price Representative firm's... If the demand is x(p)=40(p-15^2) with p being the price and x being hte demand, what would the elast... Which changes will cause demand for a product to rise in a free market economy? Choose all answers... Consider the following demand and supply equations for Chocolates: Qd=140-P and Qs= -120+P. Us... According to the law of demand, what role do low prices serve for buyers? Bot I demand help The law of demand states that as the price of a particular good or service increases, _____.(1 point...
Submit Your Answer

Question

The law of demand states that there is a negative relationship between price of a good and the quantity demanded ceteris paribus.
1. Explain the meaning of this statement.give practical example

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use