The ʺLaw of Demandʺ Refers to the Fact That, All

question 84

Multiple Choice

The ʺlaw of demandʺ refers to the fact that, all other things remaining the same, when the price of a good rises

• A) there is a movement down along the demand curve to a larger quantity demanded.
• B) the demand curve shifts rightward.
• C) there is a movement up along the demand curve to a smaller quantity demanded.
• D) the demand curve shifts leftward.

---

Definitions:

Tertiary Circular Reactions

In Piaget's stages of cognitive development, this phase (12-18 months) involves the purposeful adaptation of established schemes to new situations.

Secondary Circular Reactions

Repetitive actions in infants (4-8 months old) focused on external objects as a means to learn about their environment.

Coordination

The capacity to coordinate various body parts seamlessly and effectively.

Internalization of Schemes

The process by which individuals absorb and integrate new information into existing cognitive frameworks or structures, as proposed by Jean Piaget.