Which of the Following Situations Best Demonstrates the Law of Demand

question 140

Multiple Choice

Which of the following situations best demonstrates the law of demand?

• A) Movie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year.
• B) Movie-goers see fewer movies per year due to an overall decrease in the quality of newly released motion pictures.
• C) A drought causes a decrease in the availability of pumpkins, resulting in fewer jack-o-lanterns displayed on Halloween.
• D) An increase in the number of people writing Economics textbooks results in a decrease in average textbook prices.

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Definitions:

Anticipate

To expect or predict something to happen in the future, often taking steps in preparation for it.

Lecturer

An educator, often in a college or university, who teaches courses and gives lectures to students.

Successful Students

Individuals who achieve their academic goals through effective study habits, time management, and active learning strategies.

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Learners who struggle to achieve set academic standards or expectations, often due to a variety of factors including, but not limited to, lack of preparation, motivation, or supportive resources.