A cafe raises coffee prices and sells fewer cups. This inverse link is…

Question

A cafe raises coffee prices and sells fewer cups. This inverse link is the law of:

Accepted Answer

B. Demand

1. Price went up and quantity went down.
2. That pattern holds for almost every good.
3. It is called the law of demand.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._

Answer

Dispute

Answer

Density

Answer

Descent

A cafe raises coffee prices and sells fewer cups. This inverse link is the law of:

Keep practising Demand Supply and Equilibrium