The "Law of Demand" States That Changes in

question 152

Multiple Choice

The "law of demand" states that changes in

• A) the quantity demanded of a good are not related to changes in the quantity supplied.
• B) demand are inversely related to changes in supply.
• C) the quantity demanded of a good are inversely related to changes in its price.
• D) demand are related directly to changes in supply.

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Definitions:

Reflexive Response

An automatic, involuntary reaction to a stimulus that does not involve conscious thought.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Stimulus

Any event or situation that evokes a response from an organism or system.

Extrinsic Rewards

Benefits and incentives provided from an external source, used to motivate behavior that might not occur otherwise.