the law of demand example #79733

22 October 2022

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6 test answers

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question

Which best summarizes how consumer demand changes?

answer

Consumer demand changes often based on many factors.

question

Which best explains how the law of demand affects consumers?

answer

It helps consumers tell producers when prices are too high.

question

The degree to which quantity demanded changes after a price change is called

answer

elasticity of demand.

question

The graph shows a demand curve. Which most likely accounts for the changes shown on the demand curve?

answer

More consumers want a product.

question

The law of demand applies most directly to which group?

answer

buyers

question

According to the law of demand, as prices decreases, demand

answer

increases