The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.
Hello. You did not add the graphics to which this question refers, which makes it impossible for your question to be answered. However, I created a model chart that represents the situation shown in the question and that can help you. This chart is attached in the figure below.
Notice, in the graph that the more students attended more character education classes, the greater their acts of foolishness. On the other hand, these acts tend to decrease as students have attended less classes, reaching a very low result for students who have not attended any class of this type of education.
Answer:
I dont understand the language
The GDP is $12 billion.
<h3>What is Velocity of circulation in Economics?</h3>
In Economics, Velocity of circulation refers to the circulation of the amount of the money during a given period of the time. The calculation of the velocity of circulation is done by dividing GDP by the country's total money supply.
The Gross domestic product (GDP) is the standard measurement of the total value of the goods and services produced in the country in the given period of time.
According to the question, Velocity of Circulation is 4 and quantity of money is $3 billion.The calculation of the GDP is as follows:-
Gross domestic product = 4×3 billions
= $ 12 billions
Learn more about Velocity of circulation here:
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