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 QuizStrategic Organization Design CourseraAlternative Approaches to Valuation and InvestmentHigh Stakes Leadership LeadingBehavioral Finance QuizGlobal Financial Markets and Instruments QuizMergers and Acquisitions The Relentless Pursuit of SynergyThe Art of Negotiation QuizInternet History Technology Security QuizPreparing to Manage Human Resources QuizPrinciples of Corporate Finance A Tale of ValueThe Science of Success What Researchers Know that You Should Know QuizYou 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 whether or…Marketing Mix Fundamentals Quiz
