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The law of demand states that? A. an increase in the price of a good will lead to a decrease in consumer demand and vice versa. B. a decrease in the price of a good will lead to a decrease in consumer demand and vice versa. C. an increase in the price of a good will lead to an increase in consumer demand and vice versa. D. a decrease in the price of a good will lead to a
stabilization of consumer demand and vice versa.
A. an increase in the price of a good will lead to a decrease in consumer demand and vice versa.
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User: The law of demand states that? A. an increase in the price of a good will lead to a decrease in consumer demand and vice versa. B. a decrease in the price of a good will lead to a decrease in consumer demand and vice versa. C. an increase in the price of a good will lead to an increase in consumer demand and vice versa. D. a decrease in the price of a good will lead to a stabilization of consumer demand and vice versa.

Weegy: A. an increase in the price of a good will lead to a decrease in consumer demand and vice versa.
danimai|Points 1504|

User: Which of the following DOES NOT affect demand? A. income B. essential goods C. substitute goods D. diminishing marginal utility

User: What does the law of diminishing marginal utility state? A. As a consumer decreases consumption of a good, the total utility received from that good increases. B. As a consumer increases consumption of a good, the total utility received from that good decreases. C. As a consumer increases consumption of a good, the marginal utility received from that good decreases. D. As a consumer decreases consumption of a good, the marginal utility received form that good decreases.

Weegy: D. As a consumer decreases consumption of a good, the marginal utility received form that good decreases
AwesomeGuy200|Points 1177|

User: Utility theory serves as a way to? A. find out why firms produce what they do. B. increase the overall demand of consumers. C. decrease the overall level of output of a firm. D. determine the satisfaction received from the consumption of goods.

Weegy: D. Determine the satisfication received from the consumption of goods.
Expert answered|MrG|Points 41|

User: What is the 'consumer's problem'? A. the difficulty in maximizing total utility with budget constraints B. the issue of increased demand in a marketplace of minimal supply C. the problem found when utility is increasing yet the good is decreasing D. the point where total utility is achieved in the goods and services bought

Weegy: B. The issue increased demand in a marketplace of minimal supply.
Expert answered|MrG|Points 41|

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Asked 7/11/2012 2:03:54 PM
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