Which of the Following Statements About Demand Curves Is True

question 38

Multiple Choice

Which of the following statements about demand curves is true?

• A) When the price rises, demand increases.
• B) When the price falls, demand decreases.
• C) When the price falls, demand increases.
• D) When the price falls, supply increases.

---

Definitions:

A State

A temporary psychological or physical condition that an individual or system is in at a given time.

B State

A term that might refer to a psychological or physiological condition of an individual at a specific time, often contrasted with "A State."

Opponent Process Theory

An explanatory framework in the fields of neurology and psychology that outlines how the recognition of colors is managed through the functioning of opposing neural networks.

Habituation

The process by which an organism decreases or stops its responses to a repetitive stimulus that neither rewards nor harms.