Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Microeconomics
Demand Theory
According to the law of demand, what role do low prices serve for buyers?
A:supply
B:reward
C:substitute
D:penalty
1 answer
B: reward
You can
ask a new question
or
answer this question
.
Related Questions
What is a reason that market prices are not always the same as equilibrium prices?
A) Market prices are often set by buyers
According to the law of demand, low prices serve mostly as a ________ for buyers.
a) supply b) reward c) substitute d) penalty Is
When do the laws of supply and demand have less effect on prices?
A. when a good or service is new B. when outside factors cause
Which economic law states "as prices go up, fewer people will be willing to buy"? * 1 point law of supply law of demand
How do labor unions affect the economy?
They decrease demand by opposing low prices. They increase supply by keeping workers
which is true of relative price?
A. They are prices set by buyers and sellers. B. They describe prices in relation to each other.
When do the laws of supply and demand have less effect on prices?
a) when a good or service is new b)when outside factors cause
If the demand for a good or service increases, how will prices affect supply?
(1 point) Responses Rising prices will boost
according to the law of demand what role do low prices serve for buyers
According to the law of demand, what role do low prices serve for buyers?
