Which of the Following Is Consistent with the Law of Demand

question 117

Multiple Choice

Which of the following is consistent with the law of demand?

• A) A decrease in the price of tacos causes sellers to want to sell less.
• B) An increase in the people's craving for pizza causes buyers to buy more pizza.
• C) An increase in the price of hamburgers causes buyers to buy fewer hamburgers.
• D) A decrease in the price of egg rolls causes a decrease in the quantity of egg rolls demanded.

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Definitions:

National Culture

The set of norms, behaviors, beliefs, and customs that exist within the population of a sovereign nation.

Self-Awareness

Pertains to the conscious knowledge of one's own character, feelings, motives, and desires, playing a crucial role in emotional intelligence.

Self-Concept

The view individuals have of themselves as physical, social, spiritual, or moral beings.

Society

A group of individuals living together in a community or organized group, sharing common traditions, institutions, and values.