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:

Social Loafing

A phenomenon where individuals exert less effort when working in a group than when working alone.

Group Outcomes

The results or consequences of activities and dynamics within a team or collective.

Others' Efforts

The contribution and hard work of other people which can impact an individual's motivation and performance.

Group Decision-Making

The process of making choices or solving problems as a group, rather than by an individual.