Which is an example of the law of demand?

A. A decrease in the price of iPhones causes a decrease in the quantity of iPhones cases
B. A decrease in the price of iPhones causes no change in the quantity of iPhones demanded
C. An increase in the price of iPhones cases
D. An increase in the price of iPhones causes a decrease in the quantity demanded

Question

12-09-2022
Business

Answered

Which is an example of the law of demand?

A. A decrease in the price of iPhones causes a decrease in the quantity of iPhones cases
B. A decrease in the price of iPhones causes no change in the quantity of iPhones demanded
C. An increase in the price of iPhones cases
D. An increase in the price of iPhones causes a decrease in the quantity demanded

Answer :

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ixzmadi ixzmadi · Answer 1 · 2022-09-13T09:20:10-04:00

ixzmadi ixzmadi

13-09-2022

Answer: D

Explanation: : price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

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