The Law of Demand Holds When

question 44

Multiple Choice

The law of demand holds when:

• A)income elasticity is negative.
• B)other prices are not held constant.
• C)speculators enter the market.
• D)tastes are changing.

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Definitions:

Compensatory Manner

A way of adjusting behavior or thoughts to make up for losses or deficiencies in other areas.

Typical Responses

The common or usual reactions that people display in response to certain stimuli or situations.

Apathy

A lack of interest, enthusiasm, or concern; often manifested as indifference to activities, events, or individuals.

Overwhelmed

A feeling of being completely overcome or overpowered by emotions, circumstances, or physical demands.