BBI - Unit 1 Business Fundamentals Flashcards | StudBud

Home Library Explore SAT

Home Library Explore SAT

BBI - Unit 1 Business Fundamentals Flashcards | StudBud

BBI - Unit 1 Business Fundamentals

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Question

According to the Law of Demand, consumers buy less of a product when the price goes up because:

Answer

Fixed incomes limit purchases, buy cheaper substitutes.

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