Draw a demand curve for lattes and label the curve. Use any prices and quantities you wish, but make your demand curve obey the law of demand. The law of demand states that , the the price of a good, the smaller is the quantity demanded.

the law of demand states that other things remaining the same, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

the demand curve is downward sloping in accordance to the law of demand.

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genan genan · Answer 2 · 2022-06-03T04:02:51+02:00

Answer:

The law of demand states that other things remaining the same, the higher the price of a good, the smaller is the quantity demanded; and the lower the price of a good, the greater is the quantity demanded.

Explanation:

The law of demand states that other things remaining the same, the higher the price of a good, the smaller the quantity demanded. The demand curve slopes downward.

Other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.

Draw a demand curve for lattes and label the curve. Use any prices and quantities you​ wish, but make your demand curve obey the law of demand. The law of demand states that​ ______, the​ ______ the price of a​ good, the smaller is the quantity demanded.

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Draw a demand curve for lattes and label the curve. Use any prices and quantities you wish, but make your demand curve obey the law of demand. The law of demand states that , the the price of a good, the smaller is the quantity demanded.