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 Law of Comparative Advantage