The Law of Demand States That,other Things Equal

question 345

Multiple Choice

The law of demand states that,other things equal,

• A) an increase in price causes quantity demanded to increase.
• B) an increase in price causes quantity demanded to decrease.
• C) an increase in quantity demanded causes price to increase.
• D) an increase in quantity demanded causes price to decrease.

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Definitions:

Behavioral Competency

A set of behaviors or actions that contribute to successful performance in the workplace or a specific role.

Constructive Dismissal

A situation where an employee resigns due to the employer's conduct, which fundamentally breaches the employment contract.

Local Human Capital

The collective skills, knowledge, and experience possessed by individuals within a local population, contributing to its economic development.

Structural Capital

The knowledge, processes, and intellectual property that remain within an organization when its employees have gone home for the day.