The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant? A. Price of electric cars B. Price of gasoline cars C. Quantity of electric cars demanded by buyers D. How much sellers are charging customers for electric cars?

1 answer
Question:

The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant?
A. Price of electric cars
B. Price of gasoline cars
C. Quantity of electric cars demanded by buyers
D. How much sellers are charging customers for electric cars?

Answers

Answer: B. Price of gasoline carsExplanation:Law of demand states that keeping all factors constant, an increase in price has an inverse relationship on quantity demanded meaning that it will decrease.Here the price of electric car and quantity of electric cars are the two thing main components. And the price of gasoline cars is constant factor.

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