Which of the Following Is Consistent with the Law of Demand

question 68

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 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:

Constitutionality

The quality of being in accordance with a political constitution, especially with regard to its rights and freedoms.

Legislative Statutes

Laws that have been formally enacted by a legislative body, such as a parliament or congress.

Administrative Regulations

Rules and procedures established by governmental agencies to enforce laws and implement policy.

Electoral College

A body of electors established by the United States Constitution, formed every four years for the sole purpose of electing the president and vice president.