Answers EA Academy Civics 9 Comparing Economic SystemsQuestion 5

5

AssignmentMultiple Choice

Comparing Economic Systems

Question 5 • EA Academy Civics 9

Which statement describes the law of demand?

Answer

A

When prices are lower, consumers will demand less of a good or service.

B

When prices are lower, consumers will demand more of a good or service.

C

For higher prices, producers will supply less of a good or service.

D

When prices are higher, consumers will demand more of a good or service.

More from this Course

5 verified answers

Assignment

5 verified answers

Instruction

1 verified answers

Warm-Up