Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 . a) No, this does not abide by the law of demand. b)Yes, this abides by the law of demand.
Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 . a) No, this does not abide by the law of demand. b)Yes, this abides by the law of demand.
Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 . a) No, this does not abide by the law of demand. b)Yes, this abides by the law of demand.
Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 .
a) No, this does not abide by the law of demand.
b)Yes, this abides by the law of demand.
Definition Definition Economic principle that states that as the price of a good or service increases, the quantity demanded by consumers decreases, while a decrease in price leads to an increase in quantity demanded, assuming all other factors affecting the demand remaining constant.
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