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 258 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 258 days ago|8/9/2013 9:24:09 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
Solve the inequality 5x
Weegy: 5x User: Solve the inequality 5x Weegy: 5x User: Solve the inequality 12x Weegy: It will be c.x User: Solve the ...
4/23/2014 4:34:04 PM| 7 Answers
What continent is turkey?
Weegy: Turkey is in the continent of both EUROPE and ASIA.
4/24/2014 11:58:46 AM| 7 Answers
In multiplication, the number being multiplied is called the ...
Weegy: In multiplication, the number being multiplied is called the multiplicand. User: The number being ...
4/23/2014 6:49:19 PM| 6 Answers
A metaphor is a figure of speech that compares two unlike things. ...
Weegy: A metaphor is a figure of speech that compares two unlike things. Answer is: T
4/23/2014 4:48:14 PM| 5 Answers
What is the line of symmetry for the graph of y = -3x2 + 12x - ...
Weegy: The graph of x^2 - 12y = 12x - 12 is the graph of a quadratic. User: Which of the following points lies on ...
4/24/2014 3:49:35 PM| 5 Answers
Simplify 5^-2 by making the exponent positive.
Weegy: 5^-2 = B. 1/5^2
4/23/2014 8:59:53 PM| 4 Answers
10q - 20 is equivalent to _____. 2(q - 10) 10(q - 20) 10(q - 2)
Weegy: 10q - 20 is equivalent to 10(q - 2). User: Evaluate 5x3 + 2 for x = -1. -7 -3 4 6 Weegy: 5(-1)^3 + 2 ...
4/24/2014 5:19:43 PM| 4 Answers
Solve for x. x - 8 = -20 -28 -12 12 28
Weegy: 6(x - 2) = 4, 6x - 12 = 4, 6x = 4 + 12, 6x = 16, x = 16/6, or 8/3 in simplest form. User: The sum of ...
4/23/2014 1:27:55 PM| 3 Answers
Branches within the ICS organization can be established: ...
Weegy: Branches within the ICS organization can be established Geographically or functionally.
4/23/2014 5:48:09 PM| 3 Answers
5x + 4y + 15 + 2x - 8y - 5=
Weegy: The answer for 5x - 4y = 12 is y = 1/4 (5 x-12). User: 8(5a - b) - 6(4b-4a)= Weegy: a^2 - 5a - 6 = (a + ...
4/23/2014 8:09:04 PM| 3 Answers
(m3n + 8)(m3n - 5)
Weegy: simplified the expression is: (m3n)^2+3m3n-40 User: (2x - 3y)(4x - y) User: [4 - (3c - 1)][6 - ( 3c - 1)] ...
4/24/2014 11:19:58 AM| 3 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1982 [Total 7369]| Ratings 0| Comments 1982| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1938 [Total 9819]| Ratings 0| Comments 1938| Invitations 0|Offline
S
1
L
C
L
Points 979 [Total 5782]| Ratings 5| Comments 929| Invitations 0|Offline
S
1
L
1
L
P
Points 597 [Total 7274]| Ratings 2| Comments 577| Invitations 0|Offline
S
L
Points 485 [Total 2932]| Ratings 2| Comments 455| Invitations 1|Offline
S
L
1
1
1
Points 359 [Total 3625]| Ratings 8| Comments 279| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 231 [Total 231]| Ratings 6| Comments 151| Invitations 2|Offline
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
1
Points 165 [Total 495]| Ratings 4| Comments 125| Invitations 0|Offline