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
fiasKO [112]
3 years ago
5

How do humans respond to price? How does this relate to the study of economics?

English
1 answer:
damaskus [11]3 years ago
6 0
Observing human judgement when responding to price is almost inverse to Economic's Law of Supply and Demand. If the price is relatively lower, people will tend to buy more items or in bulk. If it is more expensive, lesser quantity will be purchased. For the Law Supply and Demand, the independent or affecting factor is the demand or the quantity of goods and services purchased. The demands sets the market price of goods or services. The higher the demand, the higher the demand, the higher the market price is.
You might be interested in
Anyone know how to write a good 12th grade essay about your first day of high school
s2008m [1.1K]

Answer:

Writing an essay is easy you just need to stay on point and give details. like MY first day of high school was cool and awesome or nervous and scary.

Explanation:

5 0
2 years ago
You are
rjkz [21]
You are free to read the book of your choosing (answer is free)
8 0
3 years ago
Read 2 more answers
Coffee is grow in Ethiopia .Active Change to passive​
ololo11 [35]

Answer:

In Ethiopia coffee is grown

8 0
2 years ago
Read 2 more answers
The above image shows a portion of the “Buy Books for Africa 5K Race” project plan timeline. Use the timeline to help answer thi
monitta

Answer: The answer would be B

Explanation: I'm assuming he timeline is showing the project they are going to do for the next race, so B would be your answer

8 0
3 years ago
Read the following Aesop’s fable. There was once a young Shepherd Boy who tended his sheep at the foot of a mountain near a dark
cestrela7 [59]

Answer:

a. you should not lie.

Explanation:

6 0
3 years ago
Other questions:
  •                                                        !!HELP!!
    8·2 answers
  • Which sentence is a support detail for paragraph three
    12·1 answer
  • The adjectives these and those should be used only with? singular subjects. B. concrete nouns. C. plural nouns. D. simple subjec
    6·1 answer
  • Hellllppppppppppppppppppppppppppppp
    12·1 answer
  • What figurative language does "Margot was an old potograph" fall under?Also "the forest was flaming bronze"?
    10·1 answer
  • Make a sentence from the words (for ten years)
    8·2 answers
  • What conclusion does the author reach about Douglass and Lincoln at the end of the selection?
    10·1 answer
  • As soon as arun would received a cheque of his learning he would​
    5·2 answers
  • PLZZ LOOK AT PICTURES
    15·2 answers
  • What is fun to compare
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!