Which of the Following Situations Best Demonstrates the Law of Demand

question 140

Multiple Choice

Which of the following situations best demonstrates the law of demand?

• A) Movie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year.
• B) Movie-goers see fewer movies per year due to an overall decrease in the quality of newly released motion pictures.
• C) A drought causes a decrease in the availability of pumpkins, resulting in fewer jack-o-lanterns displayed on Halloween.
• D) An increase in the number of people writing Economics textbooks results in a decrease in average textbook prices.

---

Definitions:

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three factors: environmental, social, and financial.

Differing Agendas

Situations where individuals or groups have objectives or priorities that do not align with one another.

Chief Executive Officer

The top executive in a corporation or institution, in charge of making significant business decisions and overseeing all operations.

Nonprofit Organization

An entity that operates for the public or societal benefit, rather than to earn profits for owners or shareholders.