Which of the Following Does the Law of Demand Specifically

question 52

Multiple Choice

Which of the following does the law of demand specifically imply?

• A) If the product price increases, quantity demanded will decrease.
• B) If consumer income increases, quantity demanded will increase.
• C) If the product price increases, quantity demanded will increase.
• D) If consumer income increases, quantity demanded will decrease.
• E) If supply increases, demand will increase.

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Definitions:

Bigger Incentive

A more substantial or appealing motivation or reward offered to stimulate action, performance, or effort in a particular direction.

Slave Code

Laws established in the colonial and antebellum South to regulate the lives of enslaved African Americans, dictating virtually every aspect of their lives.

Stephen Douglas

An American politician from Illinois and designer of the Kansas-Nebraska Act, which promoted popular sovereignty allowing settlers to decide if they would allow slavery within their borders.

Southern Democrats

Members of the Democratic Party in the southern United States, historically associated with the defense of slavery pre-Civil War and support for segregation and Jim Crow laws post-Civil War.