Nemo rents 5 movies per month when the price is $3.00 per rental and 7 movies per month when the price is $2.50 per rental.Nemo's demand demonstrates the law of

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Nemo's behavior shows that as the price of rentals decreases, he demands more movies per month. This is a basic principle of demand in economics known as the law of demand, which states that, all other things being equal, as the price of a good or service falls, the quantity demanded of it rises, and vice versa. Therefore, Nemo's behavior demonstrates the law of demand.

Nemo Rents 5 Movies Per Month When the Price Is