Home » Online Course » The law of demand states that people: The law of demand states that people: 17. Question 17 The law of demand states that people: 1 point prefer high-quality goods to low-quality goods. buy larger quantities of a good at lower prices. are willing to pay a higher price only for goods they need. prefer more to less. Other Questions Of This Category Corporate Financial Decision Making for Value CreationMoralities of Everyday Life QuizGlobal Financial Markets and Instruments QuizBehavioral Finance QuizMergers and Acquisitions The Relentless Pursuit of SynergyStrategic Organization Design CourseraThe Art of Negotiation QuizPreparing to Manage Human Resources QuizAlternative Approaches to Valuation and InvestmentPrinciples of Corporate Finance A Tale of ValueInternet History Technology Security QuizHigh Stakes Leadership LeadingYou work for a company that makes luxury watches. The prices of watches in your product line could best be described as ranging from moderately to super expensive. Your team is considering…Trading Algorithms QuizCore Concepts of Accounting Numbers and People
