contestada

"other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quantity demanded rises." this relationship between price and quantity demanded
a. is referred to as the law of demand.
b. applies to most goods in the economy.
c. is represented by a downward-sloping demand curve.
d. all of the above are correct.

Respuesta :

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D.

The law of demand is simple and most goods are indeed like that. The exceptions are Veblen goods and such, where when price increases, demand somehow increases. This reflects the strength of consumer perception.

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