Chapter 3 The Market at Work Supply and Demand Page 75 32 Wh

Chapter 3: The Market at Work: Supply and Demand Page 75 3.2. What determines demand? Fill in the blanks to complete the statement about the demand for eggs. Suppose the price of eggs decreases from $5 per dozen to $4 per dozen. According to the law of , we should expect the t to increase. supply quantity supplied demand quantity demanded

Solution

Suppose the price of eggs decreases from $5 per dozen to $4 per dozen. According to the law of demand, we should expect the quantity demanded to increase.