The law of demand states that the increase in the price of a good causes a resultant decrease in the quantity demanded of the good.
<h3>The law of demand</h3>
According to this law, when the price of a good is increased, ity would reduce the purchasing power of the users of the good. They would be able to buy only less of it.
But a price drop woukd make people to accumulate more of a good.
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Answer:
B
Explanation:
this is about the nomination of Robert Bork as a justice of the Supreme Court. Supreme Court picks are nominated by the president, but must reach approval from a vote in congress, meaning they are a presidential appointment.
Answer:
False
Explanation:
It could affect anyone, from people in the vehicle with you, to pedestrians, and even your loved ones. :)
Answer:
They are identified in the ground below and around the corpse, also by their large plump bodies and rasping teeth.
Answer:
A price ceiling prevents a price from rising above a certain level. Hence, the name price "ceiling". If the price is set below the equilibrium price what results is the quantity demanded will exceed the quantity supplied. Two things will be achieved either the excess in "demand" and "shortages" will ensue. Whereas, the price floor prevents the price from plummeting below a certain level or threshold.
Explanation:
Price Ceiling and Price Floors prevent the price from going either up or down.
*Please note that this not a legal or "law" related question. This is an Economics Social Science one.
