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
List FOUR reasons why Hernán Cortés was able to defeat the Aztec Empire.
ser-zykov [4K]

Answer:

Hernan Cortes was able to conquer the Aztec Empire by:

1. Scaring the natives with the 16 horses

2.Gaining alliances with the other enemies of the Aztec

3. Having superior and better weapons than the natives (like guns)

4. Having armour, and having steel.

It'd mean a lot if you'd give me the brainly, if willing. Thank you !

8 0
3 years ago
2. What problems did the Articles of Confederation create for the states in the New Nation?
Sunny_sXe [5.5K]

Answer:

A. it could not make the states work together

Explanation:

The Articles allowed the states to run themselves for the most part which caused lots of trouble with states dealing With each other and the national government trying to take control. That is why in 1787 the framers secretly wrote up the Constitution to allow the National government to actually rule like it was originally intended to

8 0
3 years ago
What is the mappa mundi?
Anna [14]

Answer: A mappa mundi is any medieval European map of the world. Such maps range in size and complexity from simple schematic maps 25 millimetres or less across to elaborate wall maps, the largest of which to survive to modern times, the Ebstorf map, was around 3.5 m in diameter.

Explanation:

7 0
2 years ago
Harold works at the local gas station. He makes $7.75 an
FinnZ [79.3K]

Answer:

$81.38

Explanation:

$7.75/hour

from 6AM until 4:30  that gives him 10.5 hours of work.

10.5*7.75=81.38

3 0
3 years ago
Why did the British government relax rules regulating trade for the American colonies in the late 1600s?
Katena32 [7]
The main reason why the British government relax rules regulating trade for the American colonies in the late 1600s was because some colonists were getting upset and the British wanted to keep them loyal.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following was an immediate cause of the Panic of 1837?
    11·1 answer
  • Who made zodiac signs?
    14·1 answer
  • The Columbia Plateau is a fertile farming area, identify the crop least likely to be raised in the region.
    6·1 answer
  • This is an agreement signed in 1993 to reduce tariffs between the united states
    5·1 answer
  • How was the Congress of Vienna influenced by the French Revolution?
    15·1 answer
  • What was the goal of assimilation? For Native Americans to learn to read and write For Native Americans to farm the land west of
    14·2 answers
  • Which group of English colonies were the most diverse?
    7·2 answers
  • Who supported south korea?
    8·2 answers
  • Discuss their settlements and culture (language, food, way of life).
    6·2 answers
  • What is one reason why the British are passing the Navigation Acts?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!