As the price of computers falls, the quantity of computers demanded increases. This is an application of:
A)the law of supply.
B)the production possibilities curve.
C)the law of demand.
D)needs versus wants.

Question

Quizplus · Accepted Answer

The law of demand states that people do less of what they want to do as the cost of doing it rises. This implies that there will be a negative relationship between the price of a good and the quantity demanded.

As the Price of Computers Falls, the Quantity of Computers