The Law of Demand Implies, Holding Everything Else Constant, That

question 35

Multiple Choice

The law of demand implies, holding everything else constant, that as the price of gelato

• A)increases, the demand for gelato will increase.
• B)increases, the quantity of gelato demanded will increase.
• C)decreases, the quantity of gelato demanded will increase.
• D)decreases, the demand for gelato will increase.

---

Definitions:

Scooters

Lightweight personal vehicles with a step-through frame and a platform for the rider's feet, used for transportation.

Comparative Advantage

The capacity of an entity to generate a product or service with a lesser opportunity cost compared to others.

Qatar

A sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula.

Botswana

A landlocked country located in Southern Africa, known for its stable democracy, natural beauty, and rich diamond mines.