The ___ states that more of an item will be purchased at a lower price than at a higher price.

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Business

Urijah Bray

2 February, 09:53

The ___ states that more of an item will be purchased at a lower price than at a higher price.

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Aria · Answer 1

I think that a good phrase to fill in the blank space is "demand curve" or the "law of deman" - the demand curve portrays that if the prize is low, more goods will be bought than if the prize is higher - then people would want to buy less.

Graphically it is seen as a line that is higher on the left (when the x axis is the prize and the y axis is the demand)