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
Free_Kalibri [48]
3 years ago
15

When the price of a good changes, what effects tend to create the law of demand?

History
1 answer:
quester [9]3 years ago
6 0

theres no answer choices butttt there are 3effects that explain the law of demand.

Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.


Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.


Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.

sorry its a long answer i dont mean to be that one person

You might be interested in
How did president eisenhower end the war in korea?
ELEN [110]
He ended it after we crush them and then 
worked out a peace treaty tecnicly nobdy won 
3 0
3 years ago
What fed the interest in a United and integrated Europe
____ [38]

Answer:

The Federalists advocated full integration with a constitution, while the Unionist United Europe Movement advocated a consultative body and the Federalists prevailed at the Congress of Europe. The primary accomplishment of the Congress of Europe was the European Court of Human Rights, which predates the European Union.

Explanation:

4 0
3 years ago
Finally in The blockade was lifted in May 1949 and led to the establishment of three independent German states.Berlin is divided
Basile [38]

Answer:

b

Explanation:

is show the importence of life

6 0
3 years ago
Catholics migrated to Maryland colony in the 17th century primarily to?
Ad libitum [116K]

The Catholic Experiment. ... The Southern Colonies ... than the 1600s, Catholics were still a persecuted minority in the seventeenth century. ... Consequently, most immigrants did not cross the Atlantic in family units but as individuals.


6 0
3 years ago
Explain the reason some people more than others enjoy buying a lot of<br> shoes.
Rasek [7]

Marginal benefit is more than marginal cost that is why some people more than others enjoy buying a lot of shoes.

Explanation:

When marginal benefit is more than marginal cost the resources were used more efficiently, when there is  increase in the quantity. Marginal cost is the cost incurred by producing one extra unit of the commodity. Marginal benefit is referred to as the extra benefit received by consuming one extra unit of the benefit.

in case of shoes the consumer will buy more shoes because he or she is getting extra benefit by consuming one extra unit but when the marginal cost becomes more than the marginal benefit he or she will not like the benefit because the consumer has to pay more for using the benefit.

4 0
3 years ago
Other questions:
  • What was the Louisiana purchase?
    5·1 answer
  • Can u help me plz I’m stuck between two answers
    9·1 answer
  • During the great awakening what led to the foundation of several colleges in the new England colonies
    14·1 answer
  • How did the catholic church and Martin Luther differ in their ideas about what would help a person enter heaven after death?
    9·1 answer
  • Describe some of the challenges that Washington and his men faced in Valley Forge.
    8·2 answers
  • 9. What did the ruling upper-class contribute to Egyptian society? (What things wouldn't have happened if they didn't exist?)​
    10·1 answer
  • According to Luther, what will happen to people who pay the Catholic Church to get out of
    11·1 answer
  • The table representing Tyler's walk shows other values of time and distance.<br> Complete the table.
    8·1 answer
  • Who is Constantine and what was his life like. When was he born? When did he die?
    15·1 answer
  • Paleo-Indians groups spread __________ throughout North America.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!