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Zanzabum
2 years ago
6

Which situation best illustrates an effect of the law of demand?

History
2 answers:
ANTONII [103]2 years ago
8 0

Answer:

The correct answer is D. The situation that best illustrates an effect of the law of demand is that a theater sells more popcorn after it lowers the price of popcorn.

Explanation:

The law of supply and demand is the fundamental pillar of capitalist economic theory. This theory establishes that the demand for a good or service will be determined by its price, while the higher the price, the more restrictive its access will be and therefore the lower its demand; while on the contrary, the lower the price, the higher the demand, as it will be more accessible. Therefore, the fact that the theater lowers the price of its popcorn and consequently increases its sales is a clear example of the operation of this law.

Tomtit [17]2 years ago
5 0

Answer:

"Customers stop going to a restaurant after it raises its prices"

Explanation:

APEX Answer

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