Suppose the price of burritos at jack's burrito shack fell from $7.00 to $6.00 and the quantity of burritos purchased rose from 25 per hour to 30 per hour. this is consistent with the law of: Demand.
Demand can be defined as the amount of goods consumer are willing and ready to buy at a particular time.
The law of demand states that the higher the price the lower the demand and the lower the price the higher the demand.
Therefore Suppose the price of burritos at jack's burrito shack fell from $7.00 to $6.00 and the quantity of burritos purchased rose from 25 per hour to 30 per hour. this is consistent with the law of: Demand.
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