Which combination is inconsistent with the law of demand?

A shortage creates a situation that forces prices towhile a surplus creates a Show more Question 1 A shortage creates a situation that forces prices towhile a surplus creates a situation that forces prices to- __________. decrease; increase decrease; decrease increase; decrease increase; increase Question 2 The new equilibrium quantity is the same as the old but price is higher now. We know that demand and supply both increased. demand increased and supply decreased. demand decreased and supply increased. demand and supply both decreased. Question 3 An increase in demand can be caused by a decrease in the price of a substitute good. a reduction in income if the good is a normal good. a decrease in the price of a complement good. a fall in the price of the good itself. Question 4 Four points on a demand schedule are given: $8 3 units; $10 1 unit; $5 5 units; and $12 2 units. Which combination is inconsistent with the law of demand? $8 and 3 units $10 and 1 unit $5 and 5 units $12 and 2 units Show less

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