The Law of Demand Concludes That a Rise in the Price

question 397

Multiple Choice

The law of demand concludes that a rise in the price of a golf ball the quantity demanded and .

• A) increases; creates a movement down along the demand curve for golf balls.
• B) increases; shifts the demand curve for golf balls rightward.
• C) decreases; shifts the demand curve for golf balls leftward.
• D) decreases; creates a movement up along the demand curve for golf balls.

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Definitions:

Logos

Logos is a principle in classical rhetoric that represents logical reasoning or argument, and in branding, it refers to a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

Argument By Logic

Persuasion or debate technique where the focus is on using reasoned and structured reasoning to support a position or refute an opposing one.

Satisfied Need

A fulfilled requirement or desire, which no longer motivates behavior once it has been addressed.

Motivator

A person or factor that stimulates someone to act in a certain way to achieve a goal.