Economy, asked by vmshah, 7 months ago

In 2002, the price of gold nearely tripled, yet as
the price of gold rose its sales too increased. Does this
mean that the demand curve is upward sloping ? Justify your answer.​

Answers

Answered by pan89
13

Answer:

Explanation:

as the price started become high people started to sale at high price because the law of supply says that when the the price is low the quantity supplied will be low but if the price is high the quantity  supplied will be high

so the gold price incresed and the salers stared the supply more of gold

so the demand curve is till up ward

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