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

Solve the following using system of equations: " x2 + y2 = 13 2x - y = 4 "
I really need help with this
Explain how the global sea surface temperature is affected by solar activity.
penny has 5 children. the 1st is named January 2nd kid is February her 3rd is called March 4th is april what is the name of the 5th. read carefully
estimate the square root of 90 to the nearest tenth
The light from one end of the Milky Way galaxy takes about 150,000 years to travel to the other end. Which of these statements is correct about the Milky Way ga
The elbow is an example of a compound machine found in the human body. true or false
Bill buys the pizza shown below. What does the thickened outer crust represent? chord arc circumference tangent
If 24.6 grams of lithium react with excess water, how many liters of hydrogen gas can be produced at 301 Kelvin and 1.01 atmospheres? Show all of the work used
For which of the following species are the dispersion forces strongest? A) C4H10 B) C5H12 C) C6H14 D) C7H16 E) C8H18 i have completely no idea how to do this :