2
Q:
A) the higher the price of a good, the lesser the quantity demanded | B) the higher the price of a good, the higher the quantity demanded |
C) the higher the quantity demanded, the higher the price of a good | D) All of the above |
Answer: A) the higher the price of a good, the lesser the quantity demanded
Explanation:
Explanation:
The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".
For example:
If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.