Sawaal
2
Q:

The law of demand implies that

A) the higher the price of a good, the lesser the quantity demanded B) the higher the price of a good, the higher the quantity demanded
C) the higher the quantity demanded, the higher the price of a good D) All of the above

Answer:   A) the higher the price of a good, the lesser the quantity demanded



Explanation:

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

 

 

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.

Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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