Which of the Following Is NOT True of the Law

question 148

Multiple Choice

Which of the following is NOT true of the law of demand?

• A) It is based on the cost-benefit principle.
• B) It predicts a negative relationship between costs and benefits.
• C) It applies only to monetary costs.
• D) It predicts that consumers will purchase a smaller quantity of a good as the price of that good increases.
• E) It requires demand curves to be downward-sloping.

---

Definitions:

Seriousness

The condition or quality of being of significant importance or gravity.

Appraisal

the act of evaluating or estimating the nature, quality, or significance of something, often involving judgment or assessment.

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.

Interpretation

The act of explaining or understanding the meaning or significance of something.