Which Statement Best Describes the "Law of Demand"? Other Things

question 156

Multiple Choice

Which statement best describes the "law of demand"? Other things being equal,the quantity of tennis rackets demanded will be greater if the

• A)incomes of tennis players are higher.
• B)price of tennis rackets is lower.
• C)price of badminton rackets is higher.
• D)number of tennis players is higher.
• E)demand for tennis rackets rises.

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Definitions:

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Equity

The idea that each person receives benefits in proportion to what he or she contributes.

Equality

The state or quality of being equal, especially in status, rights, and opportunities, advocating for fairness and non-discrimination.

Reciprocities

Mutual exchanges of privileges or interactions between parties where each party gives and receives something of value.