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
Vikentia [17]
3 years ago
15

When higher prices result in a lower quantity demanded, economists call this relationship: a. the law of quantity. b. the demand

curve. c. price and demand model. d. the law of demand. 2.5 points
Business
1 answer:
Zanzabum3 years ago
4 0

Answer:

d. the law of demand

Explanation:

One of the foundations of current economy,  the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.

This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.

You might be interested in
Because Mike is only accountable for the $20,000 he invested in his friend Matt's company, the
Arlecino [84]
The answer is limited liability partnership
7 0
3 years ago
During 2017 the inflation rate increased slightly but remained in the​ "comfort zone" and the unemployment rate was low. Why mig
goblinko [34]

Answer:B It thought that unemployment was a greater problem than the rising inflation rate

Explanation:

Inflation is the continuous rise in price of goods and services which is as a result of large volume of money in circulation used for the few available goods and services.

Unemployment is a situation where all that are willing and capable of being employed are unable to get employment.

In the above scenario lowering Interest rates will increase the volume of money in circulation which will invariably increase inflation and we equally increase level of investment as the cost of fund will be cheaper thereby lowering unemployment.

This action means unemployment is of greater problem than rising inflation.

It does not mean inflation is of more concern than unemployment otherwise it will have increase the interest rate, it will make loanable fund demanded to exceed supply and the quantity of money in supply will increase.

7 0
3 years ago
Productivity is a measure of:
Crazy boy [7]

I think the answer you're looking for is 'D' if you're asking what productivity is in a generalized sense.

5 0
3 years ago
Each month a company can rent capital for $7.500 per unit and can hire workers for $2.500 each Currently me company is using 4 u
Sophie [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
The two main sources of government revenue are
seropon [69]
Government's sources of revenue are taxes it takes from citizens and borriwing money
8 0
3 years ago
Read 2 more answers
Other questions:
  • Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per yea
    8·1 answer
  • The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price o
    10·2 answers
  • Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 350,000 Variable expenses 210,000 Con
    7·1 answer
  • Buffy is engaging product users to create an exhaustive list of things that bother them when they use the product and how often
    7·1 answer
  • n investor is considering a $10,000 investment in a start-up company. She estimates that she has probability 0.39 of a $23,000 l
    14·1 answer
  • An increase in input prices causes:___________
    9·1 answer
  • The union created when member countries of an economic and monetary union work closely with one another to arrive at common defe
    10·1 answer
  • What is an approach for service firms trying to accelerate the creation of their own expert performers
    8·1 answer
  • The threat of lawsuits has caused some drug companies not to manufacture certain types of vaccines. What type of risk management
    9·1 answer
  • Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!