Documents 12/9 Warm-Up 1.What is the Law of Demand? 2.2. If a product has few substitutes, it will have...

12/9 Warm-Up What is the Law of Demand? 2. If a product has few substitutes, it will have ________________ demand. SUPPLY p. 235 Objective â Describe the determinants of…

Documents Demand. Demand Demand: o the desire to own something and the ability to pay for it The Law of Demand...

Demand Demand Demand: the desire to own something and the ability to pay for it The Law of Demand states that as prices decrease people are willing to buy more. As price…

Documents 12/9 Warm-Up

12/9 Warm-Up What is the Law of Demand? 2. If a product has few substitutes, it will have ________________ demand. SUPPLY p. 235 Objective â Describe the determinants of…