Which Of The Following Are Reasons For The Inverse Relationship Between Price And Quantity Demanded

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Which Of The Following Are Reasons For The Inverse Relationship Between Price And Quantity Demanded

? a) People ordinarily buy more of a product at a low price than at a high price. b) A lower price increases the quantity demanded for the good. c) A higher price makes it more likely the consumer will buy a different good. d) A lower price represents a low quality product e) Buyers will buy more of a good if their friends are buying it.
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a) People ordinarily buy more of a product at a low price than at a high price. b) A lower price increases the quantity demanded for the good. c) A higher price makes it more likely the consumer will buy a different good.
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