Law of demand states that quantity demanded of good

Assignment Help Business Economics

Reference no: EM13897137

?The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

?Down, the quantity demanded stays the same.

?Up, the quantity demanded goes down.

?Down, the quantity demanded goes down.

?Up, the quantity demanded also goes up.

Reference no: EM13897137

Questions Cloud

Manufactures a variety of frisbees selling : The Future Flight Corporation manufactures a variety of frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar fri..

Exactly alike in every respect except that population grows : Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B. a. Which country will have the higher level of output per worker in the steady state? Please explain. b. Will ..

International monetary fund-food subsidies-tax rebates : Imagine you are an international monetary fund official going to a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF. In which areas would you recommend the government to cut: education, s..

Compute each year''s current ratio : Selected comparative financial statements of Korbin Company follow.

Law of demand states that quantity demanded of good : ?The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

How do investment in technology-investment in capital differ : How do investment in technology and investment in capital differ? If banks hold excess reserves whereas before they did not, the money multiplier:

Best characterized as macroeconomic issue : ?The depreciation of currency will: Which of the following topics is best characterized as a macroeconomic issue?

Quotas and tariffs and macroeconomics : Quotas and tariffs can: Macroeconomics is:

Selected comparative financial statements of haroun company : Selected comparative financial statements of Haroun Company follow.

User Account

All Pages