Posted by Anonymous on .
According to the law of demand, low prices serve mostly as a ________ for buyers.
Is it b?
In economics, what is a substitute?
a) a good or service that is more expensive than the one the buyer first wanted
b) a good or service that experiences a price change because of supply and demand
c) a good or service used to determine relative prices in a marketplace
d) a good or service that people buy because the one they want is too expensive
Is it d?
Social Studies -
yes, and yes.