mistystar6047 mistystar6047
  • 21-04-2022
  • Social Studies
contestada

What is the term economists use to refer to the relationship that a higher price leads to a lower quantity demanded?.

Respuesta :

shaquaylacarter shaquaylacarter
  • 28-04-2022

Answer:

Law of demand — the common relationship that a higher price leads to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant.

Explanation:

here's your answer

Answer Link

Otras preguntas

Matt made a large rug using red, green, and blue carpet tiles. He used 96 red carpet tiles in making the rug. After making the rug, he had 31 green carpet tiles
8. Why do you think Washington wanted the US to stay neutral when France and England went to war?​
Take a look at the picture and please give me an answer with an explanation.
POSSIBLE POINTS. 10 The circumference of a circle-shaped table is 314 inches. Which measurement is closest to the area of the table in square inches? (Use 3.14
HELP ME HELP ME PLSSSSS
find 4% of an hour plssssss helpp​
The sum of 4 consecutive odd integers is 72 Help
For each blank option space the options given are Lo La Los Las
Yo soy ___ de baloncesto. A. equipo B. partido C. jugador sa
John is creating a Thanksgiving display at the store where he works, using only canned pumpkin and canned green beans. He needs to maintain a ratio of pumpkin t