Solved

The Law of Demand States That Holding Everything Else Constant

Question 25

Multiple Choice

The law of demand states that holding everything else constant:


A) consumers will be willing to buy more of a product at a lower price.
B) consumers will be willing to buy more of a product when their income increases.
C) consumers will be willing to buy more of a product at a higher price.
D) consumers will be willing to buy more of a product when they need it.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents