menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 4: The Market Forces of Supply and Demand
  5. Question
    The Law of Demand States That, Other Things Equal, When
Solved

The Law of Demand States That, Other Things Equal, When

Question 235

Question 235

True/False

The law of demand states that, other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quantity demanded rises.

Correct Answer:

verifed

Verified

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

Related Questions

Q230: Figure 4-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 4-9

Q231: A market is a group of buyers

Q232: Suppose the income of buyers in a

Q233: Figure 4-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 4-4

Q234: Since individual buyers and individual sellers in

Q236: An increase in demand will cause an

Q237: Scenario 4-1<br>Suppose the demand schedule in a

Q238: Equilibrium price must increase when<br>A)both demand and

Q239: Table 4-9<br>The following table shows the

Q240: When quantity demanded exceeds quantity supplied at

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