The "Law of Demand" States That, Other Things Remaining the Same

question 259

Multiple Choice

The "law of demand" states that, other things remaining the same, the quantity demanded of any good is

• A) positively related to its price.
• B) directly related to its price.
• C) directly related to the supply of the good.
• D) inversely related to its price.

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Definitions:

Rough Riders

A volunteer cavalry regiment, commanded by Theodore Roosevelt, that served in the Spanish-American War in 1898.

Battle of Las Guasimas

An engagement between American and Spanish forces during the Spanish-American War in 1898, marking one of the first land battles of the conflict in Cuba.

Fixed-Ratio Schedule

A reinforcement schedule in behaviorism where a response is reinforced only after a specified number of responses.

Reinforcement Schedule

A rule or plan that outlines how often a behavior will be reinforced, crucial in the field of behavioral psychology to shape or modify behaviors.