mistystar6047 mistystar6047

21-04-2022
Social Studies

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What is the term economists use to refer to the relationship that a higher price leads to a lower quantity demanded?.

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shaquaylacarter shaquaylacarter

28-04-2022

Answer:

Law of demand — the common relationship that a higher price leads to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant.

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