Which of the Following Demonstrates the Law of Demand

question 297

Multiple Choice

Which of the following demonstrates the law of demand?

• A)Relative to last month, Jon buys more pretzels at $1.50 per pretzel since he got a raise at work this month.
• B)Melissa buys fewer muffins at $0.75 per muffin than at $1 per muffin, other things equal.
• C)Dave buys more donuts at $0.25 per donut than at $0.50 per donut, other things equal.
• D)Kendra buys fewer Snickers at $0.60 per Snickers since the price of Milky Ways fell to $0.50 per Milky Way.

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Definitions:

Confusion

A state of bewilderment or uncertainty where a person has difficulty in understanding situations or making decisions.

Decay

The process of gradual deterioration or the breakdown of organic matter by the action of bacteria and enzymes, or, in terms of memory, the fading of information over time.

Stored Information

Stored information refers to data or knowledge that has been saved and can be retrieved from an individual's memory or a storage device.

Deterioration

The process of becoming progressively worse, often referring to the condition of objects, health, or environmental quality.