The law of demand illustrates that as
a. price decreases, demand increases.
b. price increases, quantity demanded increases.
c. price decreases, quantity supplied increases.
d. price decreases, quantity demanded increases.
d. price decreases, quantity demanded increases.
Economics
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An apparel manufacturer bought raw materials worth $60,000 in a particular year and earned a total revenue of $90,000. If he had no other expenditure, he added a value of ________ to the production process
A) $30,000 B) $90,000 C) $150,000 D) $12,000
Economics
In the market for money, an interest rate below equilibrium results in an excess ________ money and the interest rate will ________
A) demand for; rise B) demand for; fall C) supply of; fall D) supply of; rise
Economics