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

What is the central idea of the third quatrain? if you see my love aging, work against it. do not be lazy; we are all running out of time. make fun of time, and
Who was involved in the process of the Philippines independence
help plsss!! dont send links will be blocked will give brainliest help. read the excerpt from edith wharton's short story "april showers," which was published
Use this chart to answer the following questions.What was the dividend paid for 55 shares of the stock during the third quarter?a. $31.40b. $29.40c. $30.14d. $3
Juan had $879.55 in his bank account and made a $220.00 deposit. What amount was in the account after the deposit?
What is the value of b when -25+6y=-5y written in standard form?
which image shows an example of kinetic energy
HELP Solve the following systems using the elimination method. 5x+2y = -16 4x-2y = 16
Among us states Louisiana ranks #2 in what two cash crops
To practice public accounting and issue reports on financial statements, a person must obtain a license from: