The Law of Demand States That ____________And Quantity Demanded Are

question 57

Multiple Choice

The law of demand states that ____________and quantity demanded are _____________ related,ceteris paribus.

• A) price; directly
• B) price; inversely
• C) demand;inversely
• D) quantity supplied; directly
• E) supply; directly

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Definitions:

Costly Activities

Actions or endeavors that require significant expenditures of resources, such as money, time, or effort.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Double Marginalization

A situation in a supply chain where both the manufacturer and the retailer mark up prices, leading to higher costs for consumers.

Directly To The Consumer

A business model where companies sell their products or services directly to consumers, bypassing any intermediaries or retailers.