The Law of Demand

Your page rank:

Total word count: 143
Pages: 1

Calculate the Price

- -
275 words
Looking for Expert Opinion?
Let us have a look at your work and suggest how to improve it!
Get a Consultant

Which best explains how the law of demand affects consumers?

an increase in price due to an increase in demand

Consumer demand is defined as

how much of something people want

The law of demand applies most directly to which group


A factor that most influences changes in consumer demand is


The area in which the law of demand best applies is


Consumers create demand for

goods and services

Which best summarizes how consumer demand changes

Consumer demand changes over time based on many factors

Which does the law of demand do? Check all that apply

-allows producers to respond to consumers -allows consumers to influence prices

Products whose demand levels are connected to other products are called

Complementary goods

Which best explains how the law of demand affects consumers

It helps consumers tell producers when prices are too high

Share This

More flashcards like this

NCLEX 10000 Integumentary Disorders

When assessing a client with partial-thickness burns over 60% of the body, which finding should the nurse report immediately? a) ...

Read more


A client with amyotrophic lateral sclerosis (ALS) tells the nurse, "Sometimes I feel so frustrated. I can’t do anything without ...

Read more

NASM Flashcards

Which of the following is the process of getting oxygen from the environment to the tissues of the body? Diffusion ...

Read more

Unfinished tasks keep piling up?

Let us complete them for you. Quickly and professionally.

Check Price

Successful message