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
Wittaler [7]
3 years ago
6

Describe what is revealed through the law of demand. Explain what the law of demand fails to reveal about the quantity demanded.

History
2 answers:
KiRa [710]3 years ago
4 0
<h3>Describe what is revealed through the law of demand:</h3>

The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions.

<h3>Explain what the law of demand fails to reveal about the quantity demanded: </h3>

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.

Hope this helps!

Dmitry [639]3 years ago
4 0

Answer:The law of demand is one of the most fundamental concepts in economics

Explanation:

I took the test

You might be interested in
What problems can arise from the constitution’s elastic clause
andrey2020 [161]

Answer: i dont know sorry

Explanation:

3 0
3 years ago
What are the gifts of the holy spirit
enyata [817]
The seven gifts of the Holy Spirit are an enumeration of seven spiritual gifts originating from patristic authors, later elaborated by five intellectual virtues and four other groups of ethical characteristics. They are: wisdom, understanding, counsel, fortitude, knowledge, piety, and fear of the Lord.
6 0
2 years ago
How were americans able to know about japanese plans against the united states in the pacific?
arsen [322]
<span>because the Japanese left tiny clues for the other Japanese to find but instead the American found it</span>
7 0
3 years ago
How did Rome influence the Byzantine empire?
kirill [66]
Although the people of the Byzantine Empire considered themselves Roman, the East was influenced by Greek culture, rather than the Latin of the West. People spoke Greek and wore Greek-styled clothing... The Byzantine Empire was influenced by the Hellenistic culture created by the conquests of Alexander the Great.
5 0
3 years ago
Read 2 more answers
Choose all that apply. What three things brought about the fall of Rome when they all hit at once? fall of Constantinople to the
Sladkaya [172]
The three things that brought about the fall of Rome when they all hit at once are:
1. multiple civil wars
2. economic collapse due to inflation
3. repeated invasions from all over

Rome used to be the most powerful country that ruled most of the world, but over time, its strength started to wane. In the end, due to many reasons, such as these above, it was forgotten and gave way to new countries being created.
7 0
3 years ago
Other questions:
  • The U.S annexation of Texas contributed to the expansion of slavery by?
    10·1 answer
  • How does pericles characterize his fellow athenians and their contributions to the city's glory?
    12·1 answer
  • What were FDR,s goals at the end of the war?
    13·1 answer
  • During World War l the main goal of the US government agency that created war posters was
    10·1 answer
  • What happened to the world's population between 1950 to 2000?
    9·1 answer
  • Where do tectonic activities, such as earthquakes or volcanic eruptions, tend to occur?
    14·1 answer
  • During the Bronze Age, the invention of and improvements on the chartiot helped the Hitties, Hyksos, and _____ build kingdoms th
    15·1 answer
  • Why did so many Progressives ignore the plight of racial and ethnic minorities?
    12·1 answer
  • Most of the recent crimes in the United States have been crimes against
    15·2 answers
  • In terms of the Russian economy, the Brezhnev Era resulted in which of the followimg A) Growth B) Stagnation C) Reform​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!