_7. Why does the Law of Demand state that the relationship between price and thequantity demanded is inverse?
A. Because when one goes up, the other goes up
B. Because when one goes up, the other stays the same
C. Because when one goes up, the other goes down
D. Because when one goes up, the other goes up more

Answers

Answer 1
Answer:

Answer:

C, Meaning that when one factor is high it results to the fall of the other Example the higher the price the lower the demand at ceteris paribus

Answer 2
Answer:

Answer:

C

Explanation:


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3. A. You have $25 in the United States. Imagine you are visiting India in 2013 to check out new products. How much would your $25 be in Indian rupees? (Be sure to show your work.) B. You read a news article about a great new invention in Canada. You think maybe you want to visit Canada instead of India in 2013. How much would your $25 be in Canadian dollars? (Be sure to show your work.)

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Hi There!

A. You have $25 in the United States. Imagine you are visiting India in 2013 to check out new products. How much would your $25 be in Indian rupees?

1126.00

Answer:

1126.00

Explanation:

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Answer:

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Explanation:

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