Which of These Statements Best Represents the Law of Demand

question 16

Multiple Choice

Which of these statements best represents the law of demand?

• A)When buyers' tastes for a good increase,they purchase more of the good.
• B)When income levels increase,buyers purchase more of most goods.
• C)When the price of a good decreases,buyers purchase more of the good.
• D)When buyers' demands for a good increase,the price of the good increases.

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Definitions:

Carbohydrate

Organic compounds made up of carbon, hydrogen, and oxygen that are a major source of energy in the diet of animals, including sugars, starches, and cellulose.

Nucleic Acids

are biopolymers essential for all known forms of life, including DNA and RNA, which carry genetic information and play roles in protein synthesis.

Phosphate

A chemical derivative of phosphoric acid, containing the phosphate ion, PO4^3-, which plays a significant role in biological molecules such as DNA and ATP.