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Roman55 [17]
3 years ago
9

You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier tha

n driving yourself that you are willing to pay $21 for the same trip tomorrow. Determine if you have violated the law of demand based on your choices, and why or why not that is the c
Business
1 answer:
solniwko [45]3 years ago
6 0

Answer: a.do not violate the law of demand because your preference for the product changed after you experienced the good.

Explanation:

Tastes and preferences are one of the determinants of demand. The way a person feels about a product can determine if they want more of it or less and this therefore affects demand for products.

You <em>preferred</em> the Uber ride to driving yourself and so were willing to pay more for it so the law of demand was not violated.

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2 years ago
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Read 2 more answers
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