Question

Which best explains how the law of demand effects consumers?

A. It helps consumer know when prices are going down.
B. It helps consumers know when prices are going up.
C. It helps consumers tell producers when prices are too high.
D. It helps consumers tell producers when to make new goods.

Answer 1

Answer: B

Step-by-step explanation:

It helps consumers know when prices are going up because if something becomes extremely high demand, then many people want the product, and producers will raise the price.