Which of the Following Is Consistent with the Law of Demand

question 95

Multiple Choice

Which of the following is consistent with the law of demand?

• A) People substitute higher-priced goods for higher-quality goods.
• B) People substitute some higher-priced goods for other higher-priced goods.
• C) People substitute lower-priced goods for higher-priced goods.
• D) People substitute some lower-priced goods for other lower-priced goods.

---

Definitions:

Keyboard Design

The arrangement and layout of keys in a keyboard, which includes considerations of ergonomics, usability, and efficiency for typing.

Placebo Effect

The phenomenon in which the expectations of the participants in a study can influence their behavior.

Subject Bias

Preconceived notions or attitudes exhibited by subjects in a study, potentially affecting the validity of the research or experiment outcomes.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to investigate its effect on the dependent variable.