Which of the Following Statements Best Describes the Law of Demand

question 101

Multiple Choice

Which of the following statements best describes the law of demand?

• A) As the price goes up, I like the product better.
• B) As the price goes down, I like the product better.
• C) When I want a product, price makes no difference to me.
• D) Well over 90 percent of all shoppers pay no attention to price.

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Definitions:

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Positive Communication

The practice of conveying messages in a constructive, encouraging, and optimistic manner to foster effective interpersonal interactions.

Harmonious

Describes a situation or combination of elements that are in a coherent and pleasing arrangement, often in reference to sound or music.

Rapport

A positive relationship based on mutual trust, understanding, and emotional affinity.