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madam [21]
3 years ago
12

"When the price of a product rises, consumers purchase less of that product." This statement describes:

Business
2 answers:
IRINA_888 [86]3 years ago
7 0

Answer:

ummmmm hold

Explanation:

Usimov [2.4K]3 years ago
5 0
Law of demand is the answer :)
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Why might attending trade shows enable managers to respond to uncertainty within an industry?
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While eating at Alex’s "Pizza by the Slice" restaurant, Clara experiences diminishing marginal utility. She received 10 utils fr
klemol [59]

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Alex may have to lower the price to convince Clara to buy a second slice.

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Marginal utility is an economic concept that says that a consumer recieves more marginal utility in the first consumption of a good or services than in the second and the subsequents. In fact with each consumption the marginal utility reduces, this effect is known as diminishing marginal utility.

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