Solved

The Law of Demand States That,ceteris Paribus

Question 151

Multiple Choice

The law of demand states that,ceteris paribus,


A) a higher price will lead to increased sales.
B) the price can never be too high for some consumers.
C) consumers have unlimited demands for a good.
D) quantity demanded will vary inversely with the price of the good.

Correct Answer:

verifed

Verified

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

Related Questions

Q146: Use a graph to answer each of

Q147: Figure 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-3

Q148: A demand schedule is a way of

Q149: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-2

Q150: When demand decreases and supply increases<br>A)equilibrium price

Q152: Which one of the following goods would

Q153: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-2

Q154: When demand decreases and supply increases,it is

Q155: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-1

Q156: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-1