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

question 20

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

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Definitions:

Balance Theory

A psychological theory suggesting that individuals strive for internal consistency among their beliefs, attitudes, and perceptions, especially in the context of interpersonal relationships.

Unit Relation

The way in which individual components or units within a system or an organization are connected and interact with one another.

Triad

A group or set of three related elements or people, often used in sociology to describe small social groups.

Latitude

denotes the angular distance of a place north or south of the Earth's equator, typically expressed in degrees.