Which of the Following Does the Law of Demand Specifically

question 52

Multiple Choice

Which of the following does the law of demand specifically imply?

• A) If the product price increases, quantity demanded will decrease.
• B) If consumer income increases, quantity demanded will increase.
• C) If the product price increases, quantity demanded will increase.
• D) If consumer income increases, quantity demanded will decrease.
• E) If supply increases, demand will increase.

---

Definitions:

Procedures

A series of actions or steps taken in order to achieve a particular end, often in a scientific or systematic manner.

Informed Consent

A process ensuring that a person fully understands the risks, benefits, and alternatives of a procedure or participation in research, voluntarily agreeing to it.

Ethical Guidelines

Standards designed to guide behavior and practice in various fields, ensuring integrity and the welfare of participants.

Population

A group of individuals of the same species living in a specific area who interbreed, or a statistical total in demographic or research terms.