Answers EA Academy Civics 9 Supply, Demand, and PriceQuestion 4

4

QuizMultiple Choice

Supply, Demand, and Price

Question 4 • EA Academy Civics 9

What does the law of demand state?

Answer

A

Suppliers will meet demand with more quantity when prices are higher than when prices are lower.

B

Consumers will demand a lower quantity at higher prices and a higher quantity at lower prices.

C

Consumers will substitute one good or service with a similar one when prices are too high.

D

Suppliers will meet demand with lower prices when faced with too much competition in the market.

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