Macroeconomics

posted by .

what is law of demand?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    whats law of demand define satisfaction law of demand Definition If supply is held constant, an increase in demand leads to an increased market price, while a decrease in demand leads to a decreased market price. Source: http://www.investorwords.com/2734/law_of_demand.html
  2. ECONOMICS

    Need examples of topics dealing with 2 Economic Concepts.... Meaning .. Like Gas prices .. deals with supply and demand along with goods and services. Which two economic concepts?
  3. Macroeconomics

    If there is a reduction in output, how will that affect money demand?
  4. macroeconomics

    One of the early economic “laws” was called Say’s Law that stated that—supply creates its own demand. Using the circular flow chart, explain what this means and how an expanding population results in economic growth.
  5. microeconomics

    To what extent are the fundamental principles of microeconomics (like law of demand, law of substitution, consumer surplus etc )are applicable to macroeconomics?
  6. Economic

    1.According to the law of demand, when the price of an item goes up, the quantity demanded a. stays at the same level. c. falls. b. rises. d. adjusts 2. According to the law of supply, higher prices prompt producers to a. increase …
  7. Economic

    1. The principle that states that the more you have of something, the less satisfaction you will get from an additional unit is the a. law of demand. c. law of equilibrium. b. law of diminishing marginal utility. d. price elasticity. …
  8. Macroeconomics

    Describe the significance of supply and demand to members of congress
  9. macroeconomics

    how does someone go about deriving the aggregate demand function?
  10. Macroeconomics

    Suppose the demand curve is given by Q=200-20p. What is the price elasticity at P=$4?

More Similar Questions