Solved

The Law of Demand Tells Us That People Will Buy

Question 360

Multiple Choice

The law of demand tells us that people will buy more of a good if


A) the price of that good decreases.
B) the prices of other goods decrease.
C) people's income increases.
D) every factor that can affect people's buying decisions changes.

Correct Answer:

verifed

Verified

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

Related Questions

Q54: In the above figure, a surplus exists

Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q169: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q191: Which of the following does NOT cause

Q236: A demand curve is derived from<br>A) the

Q251: In economic terminology, a normal good is

Q328: If there is a shortage in a

Q331: All other factors held constant, when McDonald's

Q426: Which of the following statements is consistent

Q437: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the