Which of the following statements best represents the law of demand? Group of answer choices Bella gets a job with a company that has a stricter dress code and reduces her purchases of sports shoes to afford dressier shoes. Manufacturers of sports shoes increase their production as the price of those items rises. If the price of sports shoes increases, Bella will purchase fewer pairs per year. If the price of sports shoes is $80 on average, Bella will purchase 2 pairs per year
Which of the following statements best represents the law of demand? Group of answer choices Bella gets a job with a company that has a stricter dress code and reduces her purchases of sports shoes to afford dressier shoes. Manufacturers of sports shoes increase their production as the price of those items rises. If the price of sports shoes increases, Bella will purchase fewer pairs per year. If the price of sports shoes is $80 on average, Bella will purchase 2 pairs per year
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 7QP
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Which of the following statements best represents the law of demand ?
Group of answer choices
Bella gets a job with a company that has a stricter dress code and reduces her purchases of sports shoes to afford dressier shoes.
Manufacturers of sports shoes increase their production as the price of those items rises.
If the price of sports shoes increases, Bella will purchase fewer pairs per year.
If the price of sports shoes is $80 on average, Bella will purchase 2 pairs per year.
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