The fact that price and quantity demanded are related negatively illustrates the:
a. law of supply.
b. law of quantity supply.
c. law of demand.
d. law of quantity demanded.
e. point that some facts are unobservable.
c
Economics
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Economists reason that the optimal decision is to continue any activity up to the point where the
A) marginal benefit equals the marginal cost. B) marginal cost is zero. C) marginal benefit is greater than the marginal cost. D) marginal benefit is zero.
Economics
If U.S. consumers become more optimistic about their future income and wealth, the consumption function will shift upward
a. True b. False Indicate whether the statement is true or false
Economics