Question As a burgeoning entrepreneur, Astrid is taking a course about economic laws as it is important that entrepreneurs know about these laws in relation to the marketplace. Today’s lecture will cover a law that states buyers will purchase more of a product or service as its price drops. What title makes the MOST sense for today’s lecture? (1 point) Responses The Law of Supply The Law of Supply The Law of Absolute Advantage The Law of Absolute Advantage The Law of Demand The Law of Demand The Law of Comparative Advantage
The title that makes the MOST sense for today's lecture would be "The Law of Demand".
The title that makes the most sense for today's lecture is "The Law of Demand." The Law of Demand states that as the price of a product or service decreases, buyers will purchase more of it. This law is based on the understanding that consumers are generally more willing to buy something if it becomes more affordable.
