You have new items in your feed. Click to view.
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. ]
Get an answer
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 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
Expert Answered
Asked 8/9/2013 9:24:09 AM
0 Answers/Comments
25,807,637 questions answered
Popular Conversations
How many terms are in the expression shown below? a2 - ab + 8b + b2 ...
Weegy: There are 5 terms in the expression a2 - ab + 8b + b2 - 1. User: Simplify 8 - {x - (5 + x)}. 3 13 -2x + ...
7/28/2016 2:50:36 PM| 4 Answers
Which of the following most accurately describes Juliet's feelings ...
Weegy: She is worried that something has happened to Romeo is most accurately describes Juliet's feelings while waiting ...
7/28/2016 9:29:26 AM| 2 Answers
Evaluate 7 + (-4x2) for x = 0. 0 3 7 23
Weegy: 7 + (-4x^2) for x = 0 = 7 + [-4(0)^2]; = 7 + 0; = 7 User: Simplify -|-7 + 4|. User: Simplify -|-7 + ...
7/28/2016 3:15:42 PM| 2 Answers
If your listening preference is to “cut to the chase” by getting to ...
Weegy: If your listening preference is to cut to the chase? by getting to the point quickly, then you are a ...
7/28/2016 9:58:15 PM| 2 Answers
Weegy Stuff
S
P
L
Points 622 [Total 1372] Ratings 3 Comments 592 Invitations 0 Offline
S
L
P
P
P
Points 432 [Total 3180] Ratings 0 Comments 432 Invitations 0 Offline
S
P
Points 379 [Total 638] Ratings 1 Comments 369 Invitations 0 Offline
S
Points 317 [Total 738] Ratings 2 Comments 297 Invitations 0 Offline
S
L
P
P
P
Points 112 [Total 3816] Ratings 0 Comments 112 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.