Ask Question
BusinessBusiness
30 August, 22:26

If prices go up, demand goes up.

Question 19 options:

True

False

+1
Answers (1)
  1. 30 August, 22:33
    0
    False

    Explanation:

    The price of a product and the demand have an inverse relationship which means that if the price decreases, the quantity demanded will increase. So, according to this, when the price of a product go up, people are less willing to buy it which results in a decrease in the demand. Because of this, the statement that says if prices go up, demand goes up is false.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If prices go up, demand goes up. Question 19 options: True False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
How do individuals contribute to the circular flow of economic activity? A) Businesses buy goods and services from individuals. B) Businesses purchase productive resources in product markets.
Answers (1)
Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year's sales to estimate sales for the coming year. This an example of which management bias?
Answers (1)
One advantage of using the internet as an advertising medium is
Answers (1)
Choose a product or service you would like to analyze. For small companies, you may not be able to distinguish the product from the company.
Answers (1)
Gwen recently purchased a new video card, and after she installed it, she realized she did not have the correct connections and was not able to power the video card. What connectors should Gwen look for when purchasing a new power supply?
Answers (1)
New Questions in Business
Personal Selling is: a. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision. b.
Answers (1)
Potanta is a company that manufactures herbal soaps. Over the years, the availability of aloe vera pulp, which is the keyingredient of the company's best-selling aloe vera soaps, has reduced.
Answers (1)
An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?
Answers (1)
A trigger strategy is a strategy that: A. is not relevant to oligopolies. B. determines when to enter an industry. C. depends on an opponent's past decisions. D. tells a business to leave the industry because the price is below the AVC.
Answers (1)
What is the effect on the supply curve for skateboards if the government implements a tax on the manufacturing process?
Answers (1)
Home » Business » If prices go up, demand goes up. Question 19 options: True False
Sign Up Forgot Password?