Economy, asked by aestapleton22, 9 months ago

Which statement best explains the law of demand?

Answers

Answered by Anonymous
3

Answer:

the total amount of a product available in a market at a given price is called the

supply

The Graph examines the market for graphic T-shirts. Based on the graph, which statement best explains the law of demand

A product becomes less popular and fewer customers purchase it

Which statement best explains the law of demand

The quantity demanded by consumers decreases as prices rise, then increase as prices fall.

Explanation:

Answered by Naeemhamid
3

The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always.....

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