What does the law of demand state?Select one of the options below as your answer: A. When the price is higher, the quantity demanded is higher. B. When the price is higher, the quantity supplied is lower. C. When the price is lower, the quantity demanded is higher.

Question

ganeshie8 · Answer

its definitely not the first option, as commonsense tells us when price is higher, normal ppl wont buy stuff

ganeshie8 · Answer

its not B also, as it is not relating supply and demand

ganeshie8 · Answer

C looks perfect as, law of demand actually tells the same : when price is lower, the quantity demanded is higher

anonymous · Answer

thank you for your help @ganeshie8

ganeshie8 · Answer

np :) you're wlcme and next time pls ask this in economics group. there many ppl familiar wid this subject will be there...  :))

anonymous · Answer

ok thank you @ganeshie8

ganeshie8 · Answer

economics group : http://openstudy.com/study#/groups/Economics%20-%20Financial%20Markets Enjoy..