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"When the price of a product rises, consumers purchase less of that product." This statement describes: Law of Demand Law of Supply An inferior good Market Equilibrium…

"When the price of a product rises, consumers purchase less of that product." This statement describes: Law of Demand Law of Supply An inferior good Market Equilibrium…
asked 52.2k views
19 votes
"When the price of a product rises, consumers purchase less of that product." This statement describes:

Law of Demand

Law of Supply
An inferior good
Market Equilibrium

asked
User Teri
by
8.1k points

2 Answers

8 votes
Law of demand is the answer :)
answered
User Bruno Miguel
by
8.4k points
3 votes

Answer:

ummmmm hold

Step-by-step explanation:

answered
User Ondrej Janacek
by
8.1k points
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