The law of demand states that, other things remaining the same, the higher the price of a good, theA) smaller is the demand for the good.B) smaller is the quantity of the good demanded.C) larger is the quantity of the good demanded.D) larger is the demand for the good.
The law of demand states that, other things remaining the same, the higher the price of a good, theA) smaller is the demand for the good.B) smaller is the quantity of the good demanded.C) larger is the quantity of the good demanded.D) larger is the demand for the good.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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The
A) smaller is the demand for the good.
B) smaller is the quantity of the good demanded.
C) larger is the quantity of the good demanded.
D) larger is the demand for the good.
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