menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 41
  4. Exam
    Exam 3: Demand and Supply
  5. Question
    The ʺLaw of Demandʺ States That Changes in
Solved

The ʺLaw of Demandʺ States That Changes in

Question 289

Question 289

Multiple Choice

The ʺlaw of demandʺ states that changes in


A) demand are inversely related to changes in supply.
B) demand are related directly to changes in supply.
C) the quantity demanded of a good are inversely related to changes in its price.
D) the quantity demanded of a good are not related to changes in the quantity supplied.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q253: The relative price of a good is

Q285: A recession occurs and peopleʹs incomes decrease.

Q286: If the money price of hats rises

Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q288: <span class="ql-formula" data-value="\begin{array}{|l|l|l|}\hline\begin{array}{l}\text { Price } \\\text

Q290: Doctors find that one aspirin per day

Q291: The ʺlaw of demandʺ predicts that, other

Q292: The quantity supplied of a good is<br>A)

Q293: <span class="ql-formula" data-value="\begin{array}{|l|l|l|}\hline\begin{array}{l}\text { Price } \\\text

Q294: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the figure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines