The Law of Demand States That the Quantity Demanded of a Good

question 68

Multiple Choice

The law of demand states that the quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

• A) up, the quantity demanded also goes up.
• B) up, the quantity demanded goes down.
• C) down, the quantity demanded goes down.
• D) down, the quantity demanded stays the same.

---

Definitions:

Sensitivity

The capacity to perceive, understand, and respond to nuances in emotional or physical stimuli.

LSD

Lysergic acid diethylamide, a powerful hallucinogenic drug known for altering perception and causing hallucinations.

Regular Users

Individuals who consistently utilize a service, product, or platform on a frequent and routine basis.

Motor Coordination

The ability of different parts of the body to work together smoothly and efficiently.