Question

If the law of demand applies to this good, then Q1 could be a. 100. b. 400. c. 200. d. 0.

Answer 1

If the law of demand applies to this good, then Q1 could be:

• a. 0.

What is the law of demand?

The law of demand refers to the principle that states that the higher the price the lesser the quantity demanded.

So, if the price increases from $10 to $20 then the demand will drop from 100 to 0. If the price reduces, there will be more demand. So, option A is right.

Complete question:

Price: $10, $20

Quantity Demanded: 100, Q1

If the law of demand applies to this good, then Q1 could be

a. 0.

b. 100.

c. 200.

d. 400.

Learn more about the law of demand here:

brainly.com/question/1222851

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