Other things remaining equal, the law of demand says that higher prices will lead to a A. smaller quantity demanded and lower p

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Other things remaining equal, the law of demand says that higher prices will lead to a A. smaller quantity demanded and lower p

rices to a larger quantity demanded. B. larger quantity demanded and lower prices to a larger quantity demanded. C. larger quantity demanded and lower prices to a smaller quantity demanded. D. smaller quantity demanded and lower prices to a smaller quantity demanded.

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1 answer:

Yuri [45] · Answer 1 · 2021-11-26T08:06:25+03:00

Answer:

The answer is A.

Explanation:

Other things remaining equal, the law of demand says that the higher the price, the lower the quantity demanded and the lower the price the higher the quantity demanded.

Suppose a good is being sold at $5 and 20 quantities are being demanded, if the price increases to $6, lesser of that goods should be demanded

Other things remaining​ equal, the law of demand says that higher prices will lead to a A. smaller quantity demanded and lower p

Other things remaining equal, the law of demand says that higher prices will lead to a A. smaller quantity demanded and lower p