Which of the Following Correctly States the Law of Demand

question 26

Multiple Choice

Which of the following correctly states the law of demand?

• A) Ceteris paribus, as the quantity of inputs used to produce a good rises, more of the good will be demanded.
• B) Ceteris paribus, as the cost of producing a good rises, more of the good will be
• C) Ceteris paribus, as the number of sellers in the market fall, more of the good will be demanded.
• D) Ceteris paribus, as the price of a good falls, more of the good will be demanded.

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Definitions:

Social Drift Theory

The hypothesis suggesting that individuals from higher social classes who are predisposed to mental illness tend to drift into lower social classes.

Social Class

A classification within society determined by economic and social standing.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and management.

Behavior

The way in which an individual acts or conducts themselves, especially towards others or in response to stimuli.