Question and answer
The law of demand states, all other things being equal, A.that goods will be supplied to just equal consumer demand. B.that consumer demand will determine the level of firm supply. C.that consumers will buy more of a good if the price rises. D.that consumers will buy more of a good if the price falls.
One of the most important building blocks of economic analysis is the concept of demand. [ When economists refer to demand, they usually have in mind not just a single quantity demanded, but a demand curve, which traces the quantity of a good or service that is demanded at successively different prices. The most famous law in economics, and the one economists are most sure of, is the law of
demand. On this law is built almost the whole edifice of economics. The law of demand states that when the price of a good rises, the amount demanded falls, and when the price falls, the amount demanded rises. ]
Ask a question
Not a good answer? Get an answer now. (FREE)
Original conversation
User: The law of demand states, all other things being equal, A.that goods will be supplied to just equal consumer demand. B.that consumer demand will determine the level of firm supply. C.that consumers will buy more of a good if the price rises. D.that consumers will buy more of a good if the price falls.

Weegy: One of the most important building blocks of economic analysis is the concept of demand. [ When economists refer to demand, they usually have in mind not just a single quantity demanded, but a demand curve, which traces the quantity of a good or service that is demanded at successively different prices. The most famous law in economics, and the one economists are most sure of, is the law of demand. On this law is built almost the whole edifice of economics. The law of demand states that when the price of a good rises, the amount demanded falls, and when the price falls, the amount demanded rises. ]
Expert answered|nlewis123|Points 170|

User: If a type of clothing suddenly becomes fashionable, there will be a A.movement down this good's demand curve. B.movement up this good's demand curve. C.shift outward in the good's demand curve. D.shift inward of the good's demand curve.

Question|Rated bad
Asked 253 days ago|8/9/2013 9:12:56 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
When the price of a complement for Good X rises, the demand for Good X ______________. A.increases B.decreases C.stays constant D.will decrease at first but increases over time
Weegy: When the price of a complement for Good X rises, the demand for Good X ______________. answer:B.decreases User: The relationship between price and quantity supplied is A.positive. B.negative. C.the same as the relationship between price and quantity demanded. D.nonexistent. There is no relationship between these two variables. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 253 days ago|8/9/2013 9:24:09 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Pax Romana lasted from the reign of
Weegy: Pax Romana lasted from the reign of: Marcus Aurelius.
4/19/2014 4:45:15 PM| 3 Answers
Energy from sunlight is harmful to our skin.
4/19/2014 4:02:26 AM| 2 Answers
Helen's sign for her mother was touching her hand to her
Weegy: forehead User: The students at Perkins Institute sent Helen a(n): Weegy: The students at Perkins Institute ...
4/19/2014 7:05:08 AM| 2 Answers
(3+ (6)) (6+ 5)=
Weegy: (3+6)(6+5) 9 + 11 = 20
4/19/2014 8:54:53 AM| 2 Answers
As temperature increases, the speed of ...
Weegy: No, it decreases because when temperature is low water is present in atmosphere which let sound to go fast
4/19/2014 1:04:54 PM| 2 Answers
Read the argument below and answer the question that follows. All ...
Weegy: The answer would be D. Premise: All football players are required to attend weekly strengthening workshops. ...
4/19/2014 5:11:29 PM| 2 Answers
a common time killer
Weegy: Kill: To put to death. b. To deprive of life User: what does gas means Weegy: Methane.
4/19/2014 9:00:16 PM| 2 Answers
A line that passes through the point ( 1, 3) has a slope of 2. Find ...
Weegy: A.(0,1/2)
4/19/2014 12:25:56 AM| 1 Answers
What is the point-slope form of an equation with the slope ...
Weegy: The equation, in point-slope form, of the line that has a slope of 6 and passes through the point (?1, ?8) is y ...
4/19/2014 12:38:59 AM| 1 Answers
An observation is _______. a. a possible explanation for events using ...
Weegy: An observation is : C. made using any of the five senses.
4/19/2014 1:06:34 AM| 1 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1541 [Total 6928]| Ratings 0| Comments 1541| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1453 [Total 9334]| Ratings 0| Comments 1453| Invitations 0|Offline
S
1
L
1
L
P
Points 480 [Total 7157]| Ratings 1| Comments 470| Invitations 0|Online
S
L
Points 397 [Total 2844]| Ratings 2| Comments 367| Invitations 1|Offline
S
R
Points 170 [Total 282]| Ratings 5| Comments 100| Invitations 2|Offline
S
Points 160 [Total 576]| Ratings 0| Comments 160| Invitations 0|Offline
S
1
Points 153 [Total 483]| Ratings 3| Comments 123| Invitations 0|Offline
S
Points 147 [Total 147]| Ratings 6| Comments 67| Invitations 2|Offline
S
Points 133 [Total 777]| Ratings 1| Comments 123| Invitations 0|Offline
S
L
1
1
1
Points 119 [Total 3385]| Ratings 6| Comments 59| Invitations 0|Offline