Ask Question
19 April, 08:15

Pam graduates from law school and gets a position in a law firm. At the same time the price of hamburger falls while other food prices have stayed the same. She notices that she buys less hamburger than she did before. Is she violating the law of demand?

+1
Answers (1)
  1. 19 April, 10:53
    0
    NO

    Explanation:

    Law of demand:

    When the price of commodity is decreases then the consumption rate or the demand of that commodity increases. This law is given by Alfred Marshall.

    So the answer of given question is no. She is not violating the law of demand. Because all things are not constant at that time maybe her income could change. And in the question they did not talk about her income so she is not violating law of demand.

    Answer - NO
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Pam graduates from law school and gets a position in a law firm. At the same time the price of hamburger falls while other food prices have ...” in 📙 Social Studies 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