1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hichkok12 [17]
3 years ago
11

What is a basic principle of the law of demand?

Social Studies
2 answers:
natita [175]3 years ago
5 0

Answer: C: When a good's price is lower, people will buy more of it.

A basic principle of the law of demand is that when a good's price is lower, people will buy more of it.

Explanation:

The law of demand states that all things being equal, the higher the price, the lower the quantity demanded and vice versa (the lower the price, the higher the quantity demanded ). Price and quantity demand of any good and service are inversely related to one other. When the price of a good increases, the demand for the same good will fall.

Demand refers to the quantity of goods and services which a consumer is willing and able to buy at a given price.

nadezda [96]3 years ago
4 0

When a good’s price is lower, people will buy more of it. Confirmed 100%

You might be interested in
How did Europeans get slaves in the 1800s?
kolbaska11 [484]

Answer:

Europeans bought enslaved people who were captured by other Africans

3 0
3 years ago
The chinese communist party’s approach when it took power was to institute a ""__________.""
bearhunter [10]

The Chinese communist party’s approach when it took power was to institute a <u>"Planned economy"</u>

<u></u>

The history of the Chinese Communist party began with its establishment in July 1921. A look at a group led by Peking university professors Chen Duxiu and Li Dazhao to discuss Marxism, brought about intellectuals officially founding the Chinese Communist party (CCP) in July 1921.

In 1923, Sun Yat-sen invited the CCP to form a United front and to sign up for his Nationalist party (GMD) in Canton for training under representatives of the Comintern, the Soviet Union's international organization.

The Soviet representatives reorganized both parties into Leninist events. Rather than a loose organization that characterized the 2 parties till then, the Leninist party operated on the principle of democratic centralism, in which the collective management set standards for membership and an all-effective central Committee determined the party line, which all members should observe.

Learn more about the Chinese Communist Party here brainly.com/question/1283463

#SPJ4

8 0
2 years ago
Kimberly says that she needs to hold a Code of Ethics workshop for her team. What is a Code of Ethics?
Margarita [4]

Answer:

A code of ethics is a set of official standards that a groups suppose to follow

Explanation:

7 0
3 years ago
List 5 examples of GDP (not a good but brand names)
xxMikexx [17]

Answer:

We know that in an economy, GDP is the monetary value of all final goods and services produced. ... Consumer spending, C, is the sum of expenditures by households on durable goods, nondurable goods, and services. Examples include clothing, food, and health care.

Explanation:

8 0
3 years ago
Referring to the city in Portugal in which it was signed this treaty went into effect in 2009 combining the treaty of Rome and t
KonstantinChe [14]

Answer:

The correct answer is: The Treaty of Lisbon.

Explanation:

The Treaty of Lisbon amends the two treaties (the Treaty of Rome and the Treaty of Maastrict), signed in 2007, and became effective in 2009.  It was signed with the aim of resolving the issue of further institutional functioning of the European Union. The Treaty of Lisbon complements the existing treaties on the European Union and the European Community, without replacing them.

3 0
3 years ago
Other questions:
  • Leni Riefenstahl's film "Olympia" convinces some critics that Riefenstahl didn't always follow Hitler's ideology. What's the mos
    14·1 answer
  • The greeks believed that fire was a state of matter. how did atomists describe fire?
    8·1 answer
  • What is the present state of employment in Nepal​
    8·1 answer
  • 7. What was the principal reason the Bill of Rights was added to the Constitution?
    5·1 answer
  • What are the factors that determine social development? list them out pointwise.​
    10·1 answer
  • How did rewarding retired soldiers benefit Augustus? A. It made the soldiers want to hurry through their time in service. B. It
    7·1 answer
  • -----------is an example of traditional occupation engineering making a basket from bamboo flakes teaching
    5·1 answer
  • What changes in the welfare system did Johnson work (unsuccessfully) for?
    5·1 answer
  • What is your favorite MHA character and why?<br> Mine is hawks and eri bc they seems really chill
    15·2 answers
  • Which theory proposes that work satisfaction originates from motivating factors, and dissatisfaction originates from hygiene fac
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!