The Basic Law of Demand Says That All Other Things

question 28

Multiple Choice

The basic law of demand says that all other things being the same,_______________________.

• A)The lower the price of a product,the less of it consumers will purchase
• B)The higher the price of a product,the less of it consumers will purchase
• C)The lower the price of a product,the more of it consumers will purchase
• D)The higher the price of a product,the more of it consumers will purchase
• E)The greater the number of units of a product sold in the past,the more of it consumers will purchase that product in the future

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Definitions:

Multiple Forgeries

Acts of fraudulently making or altering multiple written documents or signatures to deceive others.

Negligence

A failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

ATM Card

An ATM card is a plastic card issued by a bank or financial institution, enabling the cardholder to deposit, withdraw, or transfer funds through an Automated Teller Machine.

Notify

To inform or give notice to someone about specific information or an event.