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Title: According to the law of demand, the higher the price, the lower the quantity demanded. But, five yea Post by: Jordan McCowan on Sep 30, 2020 According to the law of demand, the higher the price, the lower the quantity demanded. But, five years ago the Dropouts used to sell only 50 tickets for their shows at $5 each. Today they sell 5000 tickets at $20 each. Does the change described above contradict the law of demand?
A) No, because other things weren’t constant. B) No, because the supply has risen. C) Yes, because the price has fallen and the quantity demanded has fallen D) Yes, because the price has risen and the quantity demanded has risen. Title: Re: According to the law of demand, the higher the price, the lower the quantity demanded. But, five ... Post by: bio_man on Sep 30, 2020 Found the answer here: https://biology-forums.com/index.php?topic=313798.0
Title: Re: According to the law of demand, the higher the price, the lower the quantity demanded. But, five ... Post by: Jordan McCowan on Oct 1, 2020 Thank you!
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