The Law of Demand States

question 101

Multiple Choice

The law of demand states:

• A)that price and quantity demanded are inversely related.
• B)that price and quantity demanded are inversely related, holding all other factors that influence demand fixed.
• C)that demand for a good comes from the desire of buyers to directly consume the good itself.
• D)an increase in demand results in an increase in price.

---

Definitions:

Major Organic Product

The foremost compound produced in a chemical reaction, characterized by being the most abundant.

Outcome

The result or consequence of a particular process, often used to describe the end result of a chemical reaction.

No Reaction

A condition where no chemical change occurs between reactants under specified circumstances.

Reaction

A process in which one or more substances are changed into others by reorganization of constituent atoms.