The law of demand states that, other things equal: Select one: a. price and quantity demanded are inversely related. b. consumer
s will buy more of a product at high prices than at low prices. c. the larger the number of buyers in a market, the lower will be product price. d. price and quantity demanded are directly related.
The law of demand state correct option is (a) price and quantity demanded are inversely related.
What is law of demand states?
The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.
The rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.
As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.
Answer: The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.
When a entrepeneur is looking for how to excel with respect to its competitors as seeing the continuous changes is called market research to improve the business strategy, so it is very important to define the objectives that you want to draw in the company such as increase in revenue, increase in participation or improvement in competitive advantages.
It can also be called as e-commuting. It is a kind of work arrangement where employee works from home or outside the brick-mortar office. (think coffee shops, libraries).
Instead of physically "commuting" to the office, the worker makes use of telecommunication links like the internet, to communicate thru email or phone all his work concerns. Other types of technology used can include video conferencing for meetings, and project management via app or remote software.
