mistystar6047 mistystar6047
  • 21-04-2022
  • Social Studies
contestada

What is the term economists use to refer to the relationship that a higher price leads to a lower quantity demanded?.

Respuesta :

shaquaylacarter shaquaylacarter
  • 28-04-2022

Answer:

Law of demand — the common relationship that a higher price leads to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant.

Explanation:

here's your answer

Answer Link

Otras preguntas

5 sentences with the word clarify. Please Thanks
when economist use the term laissez-faire what economic idea are they referring to
write a letter to muhammad describing his legacy and that of islam today
A swimmer swims 1000 m in the pool in 8.6 minutes. What was the average speed of the swimmer in m/s?
The major turning point in Greek history is the ___. A) Persian Wars B)Trojan Wars C) Hundred Year Wars
What do all flexible objects have in common?
why do you think people choose to settle in area with abundant natural resources
n which of the following sentences is a semicolon used correctly? A. Joe watered the garden and; the plants did not grow. B. Joe watered the garden
why do you think people choose to settle in area with abundant natural resources
Why did Egyptians spend years and many resources to build enormous tombs for their dead pharaohs?