Respuesta :
The answer is "A.buyers".
The law of demand expresses that amount obtained differs conversely with cost. At the end of the day, the higher the value, the lower the amount requested. The explanation behind this wonder is that customers' chance cost increments, so they should surrender something different or change to a substitute item.
The law of demand is a standout among the most major ideas in financial aspects. It works with the law of supply to clarify how showcase economies designate assets and decide the costs of merchandise and enterprises.
The Law of demand applies most directly to Buyers.
Demand refers to the quantity of goods or services the buyers are willing and able to buy at a particular price.
Further Explanation
Demand
- Demand is the amount of goods or services that consumers are able and willing to buy at a particular market price. Demand is therefore dependent on the willingness of buyers to buy a good or a service, which is determined by the market price.
- At higher prices customers will have little ability to buy goods and services and therefore the demand towards commodities will decrease. However, at low prices the demand will increase as consumers will have the ability to purchase commodities.
Law of Demand
- The Law of Demand states that an increase in price of a commodity or service causes a decrease in the quantity demanded by consumers, and a decrease in price would result to an increased demand in goods and services.
- The law of demands assumes that:
- The consumer’s income remains constant
- Taste and preferences by the buyers are constant
- There are no substitutes of goods and services
- There are no changes in prices of other commodities
- Consumer habits remain unchanged
- No quality change in the products
Price determination in the market based on demand
- The ability and willingness of buyers and sellers to undertake selling and buying determines the market prices.
- Buying and selling occurs at an equilibrium price that is agreed upon by sellers and buyers. Therefore, the sellers and buyers are willing to exchange a certain quantity of a commodity at this price. Thus, price depends on the demand and supply in the market.
Keywords: Demand, Law of Demand, consumers
Learn more about
- Law of supply: https://brainly.com/question/1341614
- Price determination: https://brainly.com/question/2396092
- Demand and supply: https://brainly.com/question/6749722
Level; High school
Subject: Business
Topic: Demand and supply
Sub-topic: Law of Demand
