Ask Question
BusinessBusiness
1 February, 13:51

Which statement about demand is true?

A: a demand curve has an upward slope

B: the demand for a product and its price has a direct relationship

C: a demand curve has a downward slope

D: a price increase has no effect on the demand for a product

+3
Answers (1)
  1. 1 February, 16:45
    0
    B. the demand for a product and its price has a direct relationship

    Explanation:

    demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which statement about demand is true? A: a demand curve has an upward slope B: the demand for a product and its price has a direct ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
arla, the marketing manager at Regal Inc., is in the process of setting prices. She has finished analyzing the competitive price environment. According to the price-setting process, what should be Carla's immediate next step?
Answers (1)
A poll asked adults in a certain country whether immigration was a good thing or a bad thing for the country. out of 10871087 respondents, 395395 said it was a good thing. a.
Answers (1)
The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as the PGA Tour, that governs the tour professionals, and schedules events such as the PGA Championship Tour, PGA Tour
Answers (1)
In the podcast, Manufacturing the Song of the Summer, the songs on Rihanna's album were written at a writing camp.
Answers (1)
Which of the following statements is true? A. A knowledge management system is based on a single technology to codify a database. B. Explicit knowledge assets reflect knowledge that cannot be documented. C.
Answers (1)
New Questions in Business
You plan to borrow $ 2 comma 000 from a bank. In exchange for $ 2 comma 000 today, you promise to pay $ 2 comma 100 in one year. What does the cash flow timeline look like from your perspective? What does it look like from the bank's perspective?
Answers (1)
Which of the following is indicative of a short-term restrictive financial policy? a) purchasing inventory only as needed b) granting credit to more customers c) increased investment in marketable securities d) maintaining a large accounts
Answers (2)
You are employed as an administrative staff member of a community healthcare office that just opened last month. you and your manager are working hard to advertise and expand the customer base.
Answers (1)
The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $295 each. The company has a 30% income tax rate.
Answers (1)
The person who receives financial protection from a life insurance plan is called a what?
Answers (1)
Home » Business » Which statement about demand is true? A: a demand curve has an upward slope B: the demand for a product and its price has a direct relationship C: a demand curve has a downward slope D: a price increase has no effect on the demand for a product
Sign Up Forgot Password?