Answer:
C. When the price is lower, the quantity demanded is higher.
Step-by-step explanation:
Because when the price rises less people want to buy it so the demand goes down when the price goes up.
Answer:
Red : 5/12
Blue : 1/3
Green: 1/6
Yellow : 1/12
Step-by-step explanation:
5 red marbles + 4 blue marbles + 2 green marbles + 1 yellow marble = 12 total marbles
5 red marbles / 12 total marbles = 5/12
4 blue marbles / 12 total marbles = 4/12 = 1/3
2 green marbles / 12 total marbles = 2/12 = 1/6
1 yellow marbles / 12 total marbles = 1/12
The correct answer is B, scarcity. There is unlimited number of demands, and a limited number of supply.
Answer:
Jacoby is correct.
Step-by-step explanation:
Shop A= $6 ÷ 2 = $3/pound
Shop B= $15 ÷ 5 = $3/pound
