The law of demand implies that consumers will, all other things unchanged, buy more at lower prices.
One of the most fundamental ideas in economics is the law of demand. The law of demand explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply. According to the law of demand, the quantity bought varies inversely with the price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilise the initial units of an economic good they buy to fulfil their most pressing requirements first, and they use the subsequent units to fulfil progressively lower-valued goals.
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C. the answer is c. hope it helps
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Answer: Finance, purchasing, accounting, suppying
Explanation:
Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.
The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding
-Finance
-Purchasing
-Accounting
-Management Information System
-Supply management including warehouse and distribution management.
