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When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. true or false
When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. This is TRUE.
Expert answered|debnjerry|Points 54305|
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Asked 1/7/2014 8:15:47 AM
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Added 49 days ago|8/9/2016 2:53:43 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [8/10/2016 4:53:47 AM]
Define regulation
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1 Answer/Comment
Regulation is defined as imposition of rules by government, backed by the use of penalties that are intended specifically to modify the economic behaviour of individuals and firms in the private sector.
Added 1/7/2014 9:42:22 AM
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