Which of the Following Examples Best Describes the Law of Demand

question 62

Multiple Choice

Which of the following examples best describes the Law of Demand?

• A) When John's income doubles, his telephone bill also doubles.
• B) When the price of bread doubles, John's consumption of bread halves.
• C) When the price of watches increases, a local manufacturer starts offering more watches for sale.
• D) When a new anti-tobacco commercial is released, the consumption of tobacco products decreases sharply.

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Definitions:

Logic Bomb

A computer virus that runs when a certain set of conditions is met, such as when a program is launched a specific number of times.

Pharming

Planting malicious code on a computer that alters the browser’s ability to find web addresses and that directs users to bogus websites.

Spyware

Malicious software that aims to gather information about a person or organization without their knowledge, often used for tracking and advertising purposes.

Adware

Software that automatically displays or downloads advertising material when a user is online.