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8 October, 18:32

Albert jones went to his local department store to purchase a pair of levi's. he thought that the style of levi that he wanted would sell for about $30 a pair. when he got to the store, he saw a sign which said, levi's, all styles, $18 a pair. albert bought three pairs of levi's. the behavior of albert is consistent with

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  1. 8 October, 21:40
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    The behavior of Albert is consistent with the law of demand.

    The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.

    Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.
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