Which of the Following Most Correctly States the Law of Demand

question 237

Multiple Choice

Which of the following most correctly states the law of demand?

• A) As the price falls all other things unchanged, demand will go up.
• B) As the price goes up, all other things unchanged, demand will go down.
• C) As the price falls, all other things unchanged, the quantity demanded will go down.
• D) As the price falls, all other things unchanged, the quantity demanded will increase.

---

Definitions:

Self-reflection

The act of examining one's own thoughts, feelings, and behaviors to gain insight and understanding of oneself.

Self-recognition

The ability to identify oneself as an individual, separate from the environment and other individuals, often tested through mirror experiments.

Self-understanding

The awareness or knowledge one has about their own character, feelings, motives, and desires.

Contradictory Nature

The inherent conflict or inconsistency found within a situation, concept, or personality.