The following table contains a demand schedule for a good. $$\begin{array} { | c | c | }
\hline \text { Price } & \text { Quantit Demanded } \
\hline \$ 10 & 100 \
\hline \$ 20 & Q 1 \
\hline
\end{array}$$ If the law of demand applies to this good, then Q1 could be

Question

The following table contains a demand schedule for a good. $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantit Demanded } \
\hline \$ 10 & 100 \
\hline \$ 20 & Q 1 \
\hline
\end{array}$$ If the law of demand applies to this good, then Q1 could be

Quizplus · Accepted Answer

According to the law of demand, as the price of a good increases, the quantity demanded decreases. Therefore, Q1 must be less than 100.

The Following Table Contains a Demand Schedule for a Good Price Quantit Demanded $10100$20Q1\begin{array} { | c | c | } \hline \text { Price } & \text { Quantit Demanded } \\\hline \$ 10 & 100 \\\hline \$ 20 & Q 1 \\\hline\end{array} Price $10$20​ Quantit Demanded 100Q1​​

The Following Table Contains a Demand Schedule for a Good $\begin{array} { | c | c | } \hline \text { Price } & \text { Quantit Demanded } \\\hline \$ 10 & 100 \\\hline \$ 20 & Q 1 \\\hline\end{array}$