What is a basic principle of of the law of demand?

1 Answer

Answer :

A microeconomic law that states that, all other factors beingequal, as the price of a good or service increases, consumer demandfor the good or service will decrease and vice versa.

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Description : All Hybrid Cars Operate on the Same Basic Principle?

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Description : The basic operating principle of a transformer is attributed to ______________. A. electromagnetic induction B. variance of a conductor in a magnetic field C. mutual reaction D. thermionic emission

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Description : What Is Basic Principle Of Operation Of Alternators/dc Generators?

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Description : What is the basic principle of ion-exchange chromatography?

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Description : Which of the following is a basic principle of finance as it relates to the management of  working capital? A. Profitability varies inversely with risk. B. Liquidity moves together with risk. C. Profitability moves together with risk. D. Profitability moves together with liquidity.

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Description : What is the basic principle of a magnetic amplifier?

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Description : What is the basic principle of Prestressed concrete?

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Description : A servo motor works on the same basic principle as that of a : - a) two phase induction motor b) single phase induction motor c) three phase induction motor d) synchronous motor

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Description : What is the basic principle of operation of a transformer?  (A) Self-induction (B) Mutual-induction (C) Static-induction (D) Dynamic-induction 

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