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28 Nov 2020
One major reason for the law of demand is that
a. people are willing to produce more units at a higher price
b. a higher price never reduces quantity demanded by enough to lower total revenue
c. people substitute relatively lower-priced goods for relatively higher-priced goods
d. one price changing requires at least one other price to change in the opposite direction.
One major reason for the law of demand is that
a. people are willing to produce more units at a higher price
b. a higher price never reduces quantity demanded by enough to lower total revenue
c. people substitute relatively lower-priced goods for relatively higher-priced goods
d. one price changing requires at least one other price to change in the opposite direction.
Garima MenonLv7
1 Feb 2021
