The Law of Demand Implies That, Other Things Remaining the Same

question 500

Multiple Choice

The law of demand implies that, other things remaining the same

• A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will increase.
• B) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease.
• C) as income increases, the quantity of cheeseburgers demanded will increase.
• D) as the demand for cheeseburgers increases, the price of a cheeseburger will fall.

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