The law of demand can be best described by
A. people will buy things that they enjoy.
B. if incomes rise people will buy more.
C. a rise in price will cause shortages.
D. a fall in price will increase quantity demanded.
Answer:A
The law of demand can be best described by
A. people will buy things that they enjoy. B. if incomes rise people will buy more. C. a rise in price will cause shortages. D. a fall in price will increase quantity demanded.