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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

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Increasing involvement in world affairs.

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How did the environments of early agricultural societies impact early villagers' diets?
vladimir1956 [14]

Hey there! I'm happy to help!

Most early agricultural societies were located in areas like Mesopotamia (which around Iraq today), so it wasn't very mountainous, so that answer option is incorrect.

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Farmers began to grow better crops, so villagers ate better quality food makes the most sense. Agriculture yields good, natural food, so the villagers will be eating better quality food because the agricultural civilization was advancing.

Have a wonderful day! :D

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