The Law of Demand States That a Lower Price Increases

question 178

True/False

The law of demand states that a lower price increases the amount of a commodity that people are willing to buy.

---

Definitions:

Transference

A psychoanalytic concept where emotions initially felt in childhood relationships are redirected or applied to others in adulthood.

Unconscious Rivalry

A competition between individuals that is not recognized or acknowledged by those involved, often driven by subconscious motives.

Resistance

The act of rejecting or resisting something, often through opposing actions or reasoned debate.

Misinterpretation

The act of understanding or interpreting information incorrectly.