The law of demand states that:
a. as the price of a good increases, more units are demanded.
b. there is a direct relationship between the price of a good and the quantity of the good produced.
c. there is a negative relationship between the price of a good and the quantity of the good demanded.
d. there is an increase in the need for a good as the price of the good increases.
c
Economics
You might also like to view...
The main policy-making body of the Federal Reserve System is the Federal Open Market committee
Indicate whether the statement is true or false
Economics
Does inflation result from increases in aggregate demand, short-run aggregate supply, or long-run aggregate supply?
What will be an ideal response?
Economics