Question

The law of demand states that​ ______, the​ ______ the price of a​ good, the smaller is the quantity demanded; and the​ ______ the price of a​ good, the greater is the quantity demanded.    A. even when other factors​ change; higher; lowerB. other things remaining the​ same; lower; higherC. even when other factors​ change; lower; higherD. other things remaining the​ same; higher; lower.

Answer 1

Answer:

The correct answer is letter "D": other things remaining the​ same; higher; lower..

Explanation:

According to the demand law, ceteris paribus, as long as the price of a good or service decreases the quantity demanded increases. If the price increases, the quantity demanded for that good or service decreases. The relationship between quantity demanded and the price is inversely proportional.

Answer 2

Answer: D. other things remaining the​ same; higher; lower.

Explanation:

This describes the law of demand which states that, if all other factors remain equal, the higher the price of a good, the lesser the quantity demanded for that good (In other words, the higher the price of a good, the lesser people would demand for that good); and the lower the price of a good, the higher the quantity demanded for the good (in other words, the lower the price, the more people would want to buy the good).