The law of demand tells us that people will buy less of a good if
A) the price of that good increases.
B) the prices of other goods increase.
C) people's income decreases.
D) every factor that can affect people's buying decisions changes.
Answer: A
You might also like to view...
The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision
A) regulation of health insurance B) state health insurance marketplaces C) individual mandate D) employer mandate
Raul Prebisch was an Argentine economist who argued that
A) the terms of trade would decline for primary commodity exports. B) the terms of trade would decline for manufactured goods exports. C) the terms of trade for Latin American economies could not be improved. D) the terms of trade for high-income countries would inevitably worsen.