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johndoris johndoris
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A year ago
The "law of demand" hypothesizes that, other things being equal,

▸ the higher the income, the higher the quantity demanded.

▸ the lower the price, the greater the demand.

▸ the higher the price, the lower the quantity demanded.

▸ price and demand vary inversely.

▸ price and quantity demanded are positively related.
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Microeconomics

Microeconomics


Edition: 17th
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patriciakim08patriciakim08
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A year ago
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Correct Slight Smile TY
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