According to the law of demand, other things being equal, the higher the price of an assigned textbook, the _ the quantity demanded of assigned textbooks will be, and the likely students will seek out an alternative to the assigned textbook.

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mikeswaggerboi8195 mikeswaggerboi8195

21-06-2022
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According to the law of demand, other things being equal, the higher the price of an assigned textbook, the _ the quantity demanded of assigned textbooks will be, and the likely students will seek out an alternative to the assigned textbook.

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-07-01T11:49:53+02:00

According to the law of demand, other things being equal, the higher the price of an assigned textbook, the less the quantity demanded of assigned textbooks will be, and the more likely students will seek out an alternative to the assigned textbook.

Explain the paragraph about the law of demand?

If the price is reduced, a good or service will sell more of them and be more in demand. A price that is excessively high will cause less demand for the good or service, which will result in lower sales.

One thing to bear in mind is equality; for the law of demand to continue to hold true, the goods or services being sold must be equal in all respects other than price.

Thus, it is less and more

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According to the law of demand, other things being equal, the higher the price of an assigned textbook, the _______________ the quantity demanded of assigned textbooks will be, and the ______________ likely students will seek out an alternative to the assigned textbook.

Respuesta :

Explain the paragraph about the law of demand?

Otras preguntas

According to the law of demand, other things being equal, the higher the price of an assigned textbook, the _ the quantity demanded of assigned textbooks will be, and the likely students will seek out an alternative to the assigned textbook.