The Law of Demand Refers to the

question 264

Multiple Choice

The law of demand refers to the

• A) inverse relationship between the price of a good and the willingness of consumers to buy it.
• B) price increase that results from an increase in demand for a good of limited supply.
• C) inverse relationship between the price of a good and the quantity offered for sale.
• D) increase in the quantity of a good available when its price increases.

---

Definitions:

Imaginary Friends

Fictional characters created by children, often serving as playmates or a means of exploring their world and emotions.

Gross Motor Skill

These are physical abilities involving large body movements, such as walking, jumping, and running.

Companionship

The feeling of fellowship or friendship that provides a sense of belonging or support.

Academic Skills

Abilities and knowledge that contribute to the effectiveness of learning and performance in educational settings, including reading, writing, and mathematics.