The law of demand illustrates a(n) ____ relationship between price and ____
a. direct; quantity demanded
b. inverse; quantity demanded
c. inverse; demand
d. direct; demand
b
Economics
You might also like to view...
What does the "price elasticity of demand" measure? What does a price elasticity of demand coefficient of 1.2 mean? Does the product have an elastic, unitary elastic or inelastic demand?
Economics
Banks act as:
A. an organizer among firms in a specific market. B. intermediaries between borrowers and savers. C. informants to various buyers about prices and contracts. D. a negotiator for buyers.
Economics