Which of the Following Describes the Law of Demand? When

question 264

Multiple Choice

Which of the following describes the law of demand? When other things remain the same,as

• A) the price of gas falls, the quantity demanded of gas increases.
• B) the quantity demanded of bread increases, the price of bread falls.
• C) the price of peanut butter increases, the quantity demanded of jelly decreases.
• D) your income increases, you'll buy more hamburgers.
• E) more people decide to eat pizza, the demand for pizza increases.

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Definitions:

Product Decision

The selection, definition, and design of products.

Subdivisions

Smaller sections into which larger areas or categories are divided, often used in reference to land, organizations, or structures.