The law of demand says that when price Select one: a. rises, quantity demanded rises also b. falls, quantity supplied falls also O c. falls, quantity supplied rises d. rises, quantity demanded falls.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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The law of demand says that
when price
Select one:
a. rises, quantity demanded
rises also
b. falls, quantity supplied falls
also
c. falls, quantity supplied rises
d. rises, quantity demanded
falls.
Transcribed Image Text:The law of demand says that when price Select one: a. rises, quantity demanded rises also b. falls, quantity supplied falls also c. falls, quantity supplied rises d. rises, quantity demanded falls.
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