4 years ago

What happens to the individual demand curve as the price of an item increases?

Business

1 answer:

grin007 [14]4 years ago

3 0

Answer:

b. An individual demand for an item will decrease causing a downward slope.

Explanation:

The law of demand states that when other factors are held constant, the price and demand have inverse relationship, which means that as one increases, the other one decreases. So in the case of the of your problem, as the price of an item increases, the demand will decrease (the opposite would be true as well).

So when you put it in a graph, the demand curve would be sloping downwards.

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If the reserve ratio is 20% and a bank accepts $10,000 in demand deposits from the public, then it would have to keep ______ in

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2 years ago

Jamon is a manager in a human resources organization. He has a message for Bob who works on the assembly line. What channel is h

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