Multiple Choice
A producer of televisions is experiencing difficulty in selling its products.A corporate decision is made to lower the price,anticipating that sales will increase as a result of the lower price.This illustrates
A) the law of supply and demand.
B) the law of supply.
C) the law of market price.
D) the law of demand.
E) the law of equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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