As the price of computers falls,the quantity demanded of computers increases.This is an application of
A)the law of supply
B)production possibility expansion
C)the law of demand
D)needs versus wants

Question

Quizplus · Accepted Answer

This scenario demonstrates the law of demand, which states that as the price of a good or service decreases, the quantity demanded will increase, all else being equal. The inverse is also true: as the price of a good or service increases, the quantity demanded will decrease.

As the Price of Computers Falls,the Quantity Demanded of Computers