menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics for Today Study Set 6
  4. Exam
    Exam 3: Market Demand and Supply
  5. Question
    The Law of Demand Indicates That as the Price of a Good
Solved

The Law of Demand Indicates That as the Price of a Good

Question 22

Question 22

Multiple Choice

The law of demand indicates that as the price of a good increases:


A) suppliers sell less of it.
B) suppliers sell more of it.
C) buyers buy less of it.
D) buyers buy more of it.

Correct Answer:

verifed

Verified

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

Related Questions

Q17: Distinguish the laws of demand and supply.

Q18: In accordance with the law of supply,

Q19: Which of the following will not shift

Q20: According to the law of supply, when

Q21: Other things being equal, the effects of

Q23: Other things being equal, the effect of

Q24: Suppose the prices of petroleum products, including

Q25: The horizontal summation of all individual demands

Q26: A reduction in production costs will not

Q27: An increase in the demand for a

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