The Law of Demand May Be Violated

question 11

Multiple Choice

The law of demand may be violated:

• A)often in the case of many food products
• B)only when goods are Giffen goods
• C)typically when the good has a high price elasticity
• D)in all of the above cases

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Definitions:

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Declaration Date

The specific date on which a company's board of directors announces its next dividend payment or stock dividend.

Legal Obligation

A duty enforced by law, requiring an entity or individual to perform or refrain from performing a certain action.

Date of Record

The date set by a corporation upon which the shareholders must be registered to be eligible to receive dividends or participate in corporate voting.