Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other food prices have stayed the same. He notices that he buys less pizza than he did before. Is he violating the law of demand

Respuesta :

Yes, Saul Goodman is violating Law Of Demand.

What is Law of Demand?

  • One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
  • According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
  • In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.

Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.

Know more about Law of Demand with the help of the given link:

https://brainly.com/question/10782448

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