According to the "Law" of Demand, We Would Expect

question 60

Multiple Choice

According to the "law" of demand, we would expect

• A)the demand curve to be negatively sloped.
• B)the demand curve to be positively sloped.
• C)the total quantity demanded by the market to move in the same direction as price.
• D)marginal utility to increase as quantity demanded increases.

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Definitions:

Vision

A positive and future-focused image of what could and should be that focuses and energizes people; an essential requirement for effective leadership. A successful vision is leader-initiated, shared and supported by followers, comprehensive and detailed, and uplifting and inspiring.

Leader

A person who guides or directs a group towards achieving specific goals.

Effort

The amount of mental or physical energy put into a task or activity to achieve a specific goal.

Motives

The internal drives, desires, or needs that propel individuals to take action or behave in a specific manner.