# The law of demand states that as price increases, quantity demanded decreases. However, the amount that quantity demanded changes in response to a change in price varies from good to good. What are some factors that determine how much quantity demanded will change when price changes?

2 answers

###### Question:

The law of demand states that as price increases, quantity demanded decreases. However, the amount that quantity demanded changes in response to a change in price varies from good to good. What are some factors that determine how much quantity demanded will change when price changes?

## Answers

Answer:The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utilityExplanation:

Answer:IT WILL increase Explanation:as they get more quantity it will increase in price these factors are because suppliers have an increased interest in producing goods to generate higher amounts of revenue. This is a basic principle of the law of supply and demand.

#### Similar Solved Questions

1 answer

### ASAP WILL MARK BRAINLYEST TO FIRST PERSON WHO ANSWERS!!!

ASAP WILL MARK BRAINLYEST TO FIRST PERSON WHO ANSWERS!!!...

2 answers

### What is the second highest court in the united states ? -International Trade Court -Supreme Court -U.S Court Of Appeals -U.S circuit court

what is the second highest court in the united states ?
-International Trade Court
-Supreme Court
-U.S Court Of Appeals
-U.S circuit court...

1 answer

### PLEASE HELP Electricity generated from any source comes with its own advantages and disadvantages. So, no source of energy for generating electricity is perfect. However, imagine that there is an energy source that perfectly meets the needs of society. Describe this ideal source of energy. Include relevant factors such as cost, supply, safety, reliability, and environmental impact. DO NOT SEND A FILE FOR ME TO CLICK ON ONLY ANSWER THE QUESTION FULLY ON HERE PLEASE AND THANK YOU

PLEASE HELP Electricity generated from any source comes with its own advantages and
disadvantages. So, no source of energy for generating electricity is perfect. However,
imagine that there is an energy source that perfectly meets the needs of society.
Describe this ideal source of energy. Include r...

1 answer

### Can I please get some help with this problem?

Can I please get some help with this problem?...

1 answer

### Write an essay why you agree corona virus has done more good than harm

write an essay why you agree corona virus has done more good than harm...

2 answers

### If a model car has a scale of 3in.: 5ft., what would be the length of the model be if the actual car was 15 ft. long?

If a model car has a scale of 3in.: 5ft., what would be the length of the model be if the actual car was 15 ft. long?...

2 answers

### In 1860, the largest number of white southerners select one: a. owned a small number of slaves. b. were nonslaveholding yeoman farmers. c. were planters owning more than 20 slaves. d. owned no land at all.

In 1860, the largest number of white southerners select one:
a. owned a small number of slaves.
b. were nonslaveholding yeoman farmers.
c. were planters owning more than 20 slaves.
d. owned no land at all....

1 answer

### Find the slope of the line that passes through the two points. (a) {(2,4),(1/2,3/4)}

Find the slope of the line that passes through the two points. (a) {(2,4),(1/2,3/4)}...

1 answer

### Help pls I need help NO LINKS OR IF YOU DONT HAVE AN ANWSER DONT ANWSER

help pls I need help NO LINKS OR IF YOU DONT HAVE AN ANWSER DONT ANWSER ...

1 answer

### Find by drawing and by calculation the resultant of two vectors 3units and 4units inclined at each other at 30 degree

find by drawing and by calculation the resultant of two vectors 3units and 4units inclined at each other at 30 degree...

1 answer

### BEST ANSWER GETS BRAINLIEST!!!!!!!!!!! PLEASE HELP ASAP!!!!!!!!!! Write an expression using fractions to show how to determine the amount that each person will pay. Then calculate each person's contributions showing all steps in long division. The total of the bill is 114 and there is 4 people splitting the bill. If each person paid an equal amount, who would save the most money? Explain your reasoning using at least two complete sentences.

BEST ANSWER GETS BRAINLIEST!!!!!!!!!!! PLEASE HELP ASAP!!!!!!!!!!
Write an expression using fractions to show how to determine the amount that each person will pay. Then calculate each person's contributions showing all steps in long division.
The total of the bill is 114 and there is 4 people split...

1 answer

### Which consequences can victims of identity theft face? Check all that apply. 1. difficulty getting a loan or credit card 2. an increase in debt 3. the loss of a job 4. difficulty keeping assets 5. a loss of money 6. difficulty landing a new job

Which consequences can victims of identity theft face? Check all that apply. 1. difficulty getting a loan or credit card 2. an increase in debt 3. the loss of a job 4. difficulty keeping assets 5. a loss of money 6. difficulty landing a new job ...

2 answers

### Question 4 Whether an object will sink or float in a fluid is determined by ______. 1)Pascal’s principle 2)Charles’s law 3)Bernoulli’s principle 4)Archimedes’ principle

Question 4
Whether an object will sink or float in a fluid is determined by ______.
1)Pascal’s principle
2)Charles’s law
3)Bernoulli’s principle
4)Archimedes’ principle...

1 answer

### During which month is earth at its aphelion? january october april july

During which month is earth at its aphelion? january october april july...

1 answer

### Why was the Battle of Antietam considered critical? (A) Antietam represented the only major Southern victory. (B) Antietam was the battle that forced the South to surrender. (C) Antietam was one of two battles fought south of Georgia. (D) Antietam was Lee's first attempt to gain ground in the North.

Why was the Battle of Antietam considered critical? (A) Antietam represented the only major Southern victory. (B) Antietam was the battle that forced the South to surrender. (C) Antietam was one of two battles fought south of Georgia. (D) Antietam was Lee's first attempt to gain ground in the North...

2 answers

### Which is a type of joint? A. Ball and socket B.Hinge C. Gliding D. All of the above

Which is a type of joint?
A. Ball and socket
B.Hinge
C. Gliding
D. All of the above...

2 answers

### Which of the following lists of ordered pairs is a function? A. (2,4),(0,2),(2,-4),(5,3) B. (1,6),(2,7),(4,9),(0,5) C. (1,2),(1,-2),(3,2),(3,4) D. (0,2),(2,3),(0,-2),(4,1)

Which of the following lists of ordered pairs is a function?
A. (2,4),(0,2),(2,-4),(5,3)
B. (1,6),(2,7),(4,9),(0,5)
C. (1,2),(1,-2),(3,2),(3,4)
D. (0,2),(2,3),(0,-2),(4,1)...

2 answers

### How could you solve this problem? 4 × 9 × 5 Check all that are true. Multiply 4 × 9 to get 36 and then multiply 36 × 5. Multiply 9 × 5 to get 45 and then multiply 45 × 4. Multiply 4 × 9 to get 36, multiply 9 × 5 to get 45, and then multiply 36 × 45. Multiply 4 × 9 to get 36 and then multiply 36 × 45. Multiply 9 × 5 to get 45 and then multiply 45 × 36.

How could you solve this problem?
4 × 9 × 5
Check all that are true.
Multiply 4 × 9 to get 36 and then multiply 36 × 5.
Multiply 9 × 5 to get 45 and then multiply 45 × 4.
Multiply 4 × 9 to get 36, multiply 9 × 5 to get 45, and then multiply 36 × 45.
Multiply 4 × 9 to get 36 and then multip...