Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 . a) No, this does not abide by the law of demand. b)Yes, this abides by the law of demand.
Does the following scenario abide by the law of demand? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 . a) No, this does not abide by the law of demand. b)Yes, this abides by the law of demand.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 19SQ
Question
Does the following scenario abide by the law of demand ? Select the best answer. The price of laptops increased by $300.50, and the quantity demanded decreased by 100 .
a) No, this does not abide by the law of demand.
b)Yes, this abides by the law of demand.
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