The Law of Demand Tells Us That People Will Buy

question 360

Multiple Choice

The law of demand tells us that people will buy more of a good if

• A)the price of that good decreases.
• B)the prices of other goods decrease.
• C)people's income increases.
• D)every factor that can affect people's buying decisions changes.

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Definitions:

Structure

Refers to the arrangement of and relations between the parts or elements of something complex.

Union Organizing

The process of forming or joining a labor union to represent employees in negotiations with employers.

Major Objective

The primary goal or aim that an organization or individual seeks to achieve.

National Labor Relations Act

The National Labor Relations Act is a foundational piece of US labor law legislation enacted in 1935 that protects the rights of employees to organize, engage in collective bargaining, and take collective action, including striking if necessary.