Multiple Choice
The ʺlaw of demandʺ states that, other things remaining the same, the quantity demanded of any good is
A) positively related to its price.
B) inversely related to its price.
C) directly related to the supply of the good.
D) directly related to its price.
Correct Answer:
Verified
Correct Answer:
Verified
Q239: What are substitutes in production?
Q321: <span class="ql-formula" data-value="\begin{array} { | l |
Q322: When the demand for a good decreases,
Q323: Beef and leather belts are complements in
Q324: As the price of a pound of
Q327: A severe drought has damaged this yearʹs
Q328: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above
Q329: You observe that an increase in the
Q330: Which of the following always lowers the
Q331: A change in which of the following