The "Law of Demand" Refers to the Fact That, All

question 365

Multiple Choice

The "law of demand" refers to the fact that, all other things remaining the same, when the price of a good rises

• A) the demand curve shifts rightward.
• B) the demand curve shifts leftward.
• C) there is a movement down along the demand curve to a larger quantity demanded.
• D) there is a movement up along the demand curve to a smaller quantity demanded.