Which of the Following Demonstrates the Law of Demand

question 104

Multiple Choice

Which of the following demonstrates the law of demand?

• A)After Jon got a raise at work,he bought more pretzels at $1.50 per pretzel than he did before his raise.
• B)Melissa buys fewer muffins at $0.75 per muffin than at $1 per muffin,other things equal.
• C)Dave buys more donuts at $0.25 per donut than at $0.50 per donut,other things equal.
• D)Kendra buys fewer Snickers at $0.60 per Snickers after the price of Milky Ways falls to $0.50 per Milky Way.

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Definitions:

Regular Time Cost

The cost associated with labor and operations conducted within the standard working hours, as opposed to overtime or holiday work hours.

Over Time Cost

Expenses incurred from working beyond normal working hours, including higher wages for employees and additional operational costs.

Inventory Management

The process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.

Predictable Variability

Variations or changes in processes or systems that can be forecasted with a degree of reliability based on historical data.