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Marina CMI [18]
3 years ago
15

According to the law of demand, price and quantity move where?

Social Studies
1 answer:
boyakko [2]3 years ago
7 0

Answer:

along a track in opposite directions.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

This ultimately implies that, there exist a negative relationship between the quantity of goods demanded and the price of a good. Thus, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

According to the law of demand, price and quantity move along a track in opposite directions i.e the quantity of goods or services demanded is inversely proportional to the price of the goods or services at a specific period of time.

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Find out more about Ronald Reagan at brainly.com/question/4784629.

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What happened after the death of Mansa Musa?
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How did the Israelites establish a united state, and what became of it? In what ways was the Jewish faith unique in the ancient
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King Saul, David, and Solomon built up the United Kingdom of Israel.

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King Saul, David, and Solomon built up the United Kingdom of Israel with political and military establishments and trade activities. It collapsed and became Judah and then returned to Jerusalem to rebuild their city and temple.

The uniqueness of the Jewish faith in the ancient Near East was that early Israelites worshiped many gods whereas the Jewish faith looked only at one God which is known as Yahweh. Even among the Babylonian Exiles, Yahweh became known as the only God.

How it evolve over time.

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Jews believe that God made a special covenant with Abraham and that he and his descendants were chosen people who would create a great nation.

Abraham’s son Isaac, and his grandson Jacob, also became central figures in ancient Jewish history. Jacob took the name Israel, and his children and future generations became known as Israelites.

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Sometime around 587 B.C., the Babylonians destroyed the first Temple and sent many Jews into exile.

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The destruction of the second Temple was significant because Jewish people no longer had a primary place to gather, so they shifted their focus to worshipping in local synagogues.

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