Ask Question
29 June, 23:11

The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant?

A. Price of electric cars

B. Price of gasoline cars

C. Quantity of electric cars demanded by buyers

D. How much sellers are charging customers for electric cars?

+2
Answers (1)
  1. 30 June, 00:23
    0
    Answer: B. Price of gasoline cars

    Explanation:

    Law of demand states that keeping all factors constant, an increase in price has an inverse relationship on quantity demanded meaning that it will decrease.

    Here the price of electric car and quantity of electric cars are the two thing main components. And the price of gasoline cars is constant factor.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant? A. Price of electric cars B. ...” 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