Ask Question
20 May, 09:22

What is a basic principle of the law of demand?

A)

The higher the price, the more people will want the good.

B)

Everyone has a limited income that they will spend.

C)

When a good's price is lower, people will buy more of it.

D)

Services are of interest in the same way that goods are

+3
Answers (1)
  1. 20 May, 12:16
    0
    The answer is A. the higher the price the more demand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a basic principle of the law of demand? A) The higher the price, the more people will want the good. B) Everyone has a limited ...” 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