The law of demand states that an increases in the price of a good?
Correct answer B. decreases the quantity supplied of that good
Tip: press A, B, C or D to answer, and N for the next question.
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More Market questions
See allIf an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is?
Correct answer C. an inferior good
Which of the following shifts the demand for watches to the right?
Correct answer B. none of these answers
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If the price of a good is above the equilibrium price?
Correct answer E. there is a surplus and the price will fall
If the price of good is equal to the equilibrium price?
Correct answer B. the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged
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