Solved

The Law of Demand States That, Other Things Constant, There

Question 78

Multiple Choice

The law of demand states that, other things constant, there is:


A) a positive relationship between income and quantity demanded.
B) a negative relationship between income and quantity demanded.
C) a positive relationship between price and quantity demanded.
D) a negative relationship between price and quantity demanded.

Correct Answer:

verifed

Verified

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

Related Questions

Q73: Suppose there is excess supply in the

Q74: Use the following diagram to solve the

Q75: Use the following diagram to solve the

Q76: The law of demand states that the

Q77: Use the following diagram to answer the

Q79: Use the following diagram to answer the

Q80: Use the following diagram to answer the

Q81: The transition economies continue to subsidize state

Q82: Use the following diagram to answer the

Q83: According to economic theory:<br>A) producers attempt to