Register
How do people react to a change in the price of an item? How does this illustrate the concept of demand ?
129k views
1 vote
How do people react to a change in the price of an item? How does this illustrate the concept of demand ?

User Dave Thompson
by
6.9k points

1 Answer

2 votes
the price will rise as demand rises and supply lowers. people do not like this, but they will buy more quickly
User Rich Pollock
by
7.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.4m questions

9.9m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
Modern Western ideas about freedom, the value of the individual, forms of government, and systems of law came from __________.
Why did foreign powers treat the US government under the Articles of Confederation with scorn?
What was the major events that led the British to defeat
Why did the Berlin Conference occur?
Link Copied!