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mojhsa [17]
2 years ago
11

Albert jones went to his local department store to purchase a pair of levi's. he thought that the style of levi that he wanted w

ould sell for about $30 a pair. when he got to the store, he saw a sign which said, levi's, all styles, $18 a pair. albert bought three pairs of levi's. the behavior of albert is consistent with
Business
1 answer:
geniusboy [140]2 years ago
6 0

The behavior of Albert is consistent with the law of demand.

The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.

Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.

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