Question 1 1 pts Which of the following statements best represents the law of demand? Bella gets a job with a company that has a stricter dress code and reduces her purchases of sports shoes to afford dressier shoes. O If the price of sports shoes increases, Bella will purchase fewer pairs per year. Manufacturers of sports shoes increase their production as the price of those items rises. If the price of sports shoes is $80 on average, Bella will purchase 2 pairs per year.

Question 1 1 pts Which of the following statements best represents the law of demand? Bella gets a job with a company that has a stricter dress code and reduces her purchases of sports shoes to afford dressier shoes. O If the price of sports shoes increases, Bella will purchase fewer pairs per year. Manufacturers of sports shoes increase their production as the price of those items rises. If the price of sports shoes is $80 on average, Bella will purchase 2 pairs per year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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no handwritten notes
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