The principle stating that, for virtually all goods and services, there is a negative relationship between price and quantity demanded, all other things unchanged, is the law of:
A) supply.
B) demand.
C) scarcity.
D) increasing opportunity costs.
Ans: B) demand
Economics
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Evidence that most investors are risk averse is that they
A) buy a diversified portfolio. B) buy different bonds with the same yield and maturity. C) put most of their funds in one company's stock. D) like to gamble.
Economics
Total planned expenditure is composed as
a. planned investment. b. planned government spending and taxes. c. total investment, total consumption, and government spending. d. planned investment, planned government spending, and planned taxes.
Economics