Ask Question
30 March, 11:40

The law of demand is based on an inverse relationship which means that

A. Consumers are not influenced by price.

B. The higher the price of the good or service, the more the consumer will be willing to buy.

C. The higher the price of the good or service, the less the consumer will be willing to buy.

D. The lower the price of the good or service, the less the consumer will be willing to buy.

+3
Answers (1)
  1. 30 March, 14:50
    0
    C) The higher the price of the good or service, the less the consumer will be willing to buy.

    Think about it, would you want to buy something really expensive or something cheap/reasonably priced?
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The law of demand is based on an inverse relationship which means that A. Consumers are not influenced by price. B. The higher the price of ...” in 📘 History 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