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The law of demand states that an increase in the price of a good (Points : 4) A. increases the quantity supplied of that good. B. increases the supply of that good. C. decreases the quantity demanded for that good. D. does none of these answers. E. decreases the demand for that good.
Weegy: E. Decreases the demand for that good. (More)
Question
Expert Answered
Updated 9/1/2013 5:09:42 AM
1 Answer/Comment
Please restate the question as part of your answer and provide a source that confirms its accuracy.
Added 9/1/2013 5:09:42 AM
The unique point at which the supply and demand curves intersect is called (Points : 4) A. market harmony. B. coincidence. C. cohesion. D. equilibrium.
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Not Answered
Updated 9/1/2013 4:57:34 AM
1 Answer/Comment
The unique point at which the supply and demand curves intersect is called equilibrium.
Added 9/1/2013 4:57:34 AM
This answer has been added to the Weegy Knowledgebase
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