The Law of Demand Is Illustrated When

question 212

Multiple Choice

The law of demand is illustrated when:

• A) an increase in tuition encourages more students to enroll in college because the quality of education has risen.
• B) an increase in the purchases of personal computers results from lower prices.
• C) higher oil prices cause oil companies to drill for new sources of oil.
• D) higher fees for the use of public golf courses force golfers to purchase fewer golf balls.

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Definitions:

Arbitration

A form of alternative dispute resolution where a neutral third party (the arbitrator) makes a decision to resolve a dispute between two or more parties.

Acute Renal Failure

A sudden loss of kidney function that occurs over a few hours or days, which can cause toxins to build up in the body and may need urgent treatment.

Pyelonephritis

A type of urinary tract infection that spreads to one or both kidneys, usually from the bladder or urethra.

Tubular Destruction

Damage to the tubule cells in the kidney, potentially leading to acute or chronic kidney failure.