Alyssa 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.Alyssa's demand demonstrates the law of

Question

Quizplus · Accepted Answer

Alyssa's demand for movies illustrates the law of demand, which states that as the price of a good or service increases, the quantity demanded of that good or service will decrease, all else being equal. This is because people will typically buy less of a good or service when it becomes more expensive. In this case, we see that as the price of a movie rental decreases, the quantity of movies rented by Alyssa increases, which is consistent with the law of demand.

Alyssa Rents 5 Movies Per Month When the Price Is