The Law of Demand States That, Other Things Equal, When

question 9

True/False

The law of demand states that, other things equal, when the price of a good rises, the quantity demanded of the good rises, and when the price falls, the quantity demanded falls.

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Definitions:

Courts

Institutions established by governments to administer justice in civil, criminal, and administrative matters through the application of law.

Injunction

A judicial order that requires a party to do or to refrain from doing specific acts, used to prevent harm or to maintain the status quo during litigation.

Unionization

is the process by which workers form or join a union to collectively negotiate with their employers regarding wages, working conditions, and other employment related matter.

Court Order

A legal directive issued by a court requiring a party to do or refrain from doing specific acts.