The "Law of Demand" Refers to the Fact That,other Things

question 282

Multiple Choice

The "law of demand" refers to the fact that,other things remaining the same,when the price of a good rises,

• A) the demand curve shifts rightward.
• B) the demand curve shifts leftward.
• C) there is a movement down along the demand curve to a larger quantity demanded.
• D) there is a movement up along the demand curve to a smaller quantity demanded.
• E) the demand curve shifts rightward and there is a movement up along the demand curve to a smaller quantity demanded.

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