The Law of Demand Implies That

question 26

Multiple Choice

The law of demand implies that:

• A) consumers are not responsive to price changes.
• B) consumers will, all other things unchanged, buy more at lower prices.
• C) sellers will, all other things unchanged, offer more on the market at higher prices.
• D) sellers will, all other things unchanged, offer less on the market at lower prices.

---

Definitions:

Hormones

Chemical substances produced by glands in the body that regulate the activity of cells or organs, affecting physical functions and behavior.

Bloodstream

The flowing blood within the circulatory system of a body, delivering nutrients and oxygen to cells and removing waste products.

Parathyroid

Small glands located in the neck that produce parathyroid hormone, which regulates the body's calcium levels.

Calcium Levels

The measure of calcium concentration in the body, which is crucial for various physiological processes including bone formation, muscle function, and nerve transmission.