If the price of verizon cell phones increases, what will happen to the demand curve for verizon sales people?

Business

1 answer:

MatroZZZ [7]10 months ago

5 0

If the price of verizon cell phones increases, the demand curve for verizon sales people will shift to the left.

This is because of the law of demand. When the price of the verizon cell phone will increase its demand will fall which inturn will lead to fall in the demand of the verizon sale people.

With the decrease in the demand the demand curve will shift to the left.

The law of demand defines that the quantity which is purchased varies inversely with price. The higher the price, the lower will be the quantity demanded. This happens because of diminishing marginal utility.

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