The Law of Demand Refers to How

question 115

Multiple Choice

The law of demand refers to how

• A) the price of the good changes when people's demand for the good changes.
• B) demand changes when people's incomes change.
• C) the quantity demanded changes when the demand for the good changes.
• D) the quantity demanded changes when the price of the good changes.
• E) demand changes when the prices of substitutes and complements change.

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Definitions:

Labor-Market Discrimination

The differential treatment of individuals in the labor market based on race, gender, religion, age, sexual orientation, or other non-relevant factors that reduces prospects for equal opportunity employment.

Science And Math

Fields of study focused on understanding the natural world through observation and experimentation, and applying mathematical principles to quantify relationships, respectively.

Schools

Institutions for educating children, often at the primary and secondary level, but also inclusive of tertiary education.

Labor-Market Discrimination

The practice of unfairly treating individuals differently in employment decisions based on characteristics unrelated to their job performance, such as race, gender, or age.