Which of the Following Is Consistent with the Law of Demand

question 95

Multiple Choice

Which of the following is consistent with the law of demand?

• A) People substitute higher-priced goods for higher-quality goods.
• B) People substitute some higher-priced goods for other higher-priced goods.
• C) People substitute lower-priced goods for higher-priced goods.
• D) People substitute some lower-priced goods for other lower-priced goods.

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Definitions:

Brood Parasites

Organisms that rely on others to raise their young, often laying their eggs in the nests of unrelated species, which then unknowingly rear the parasitic offspring.

Endosymbionts

Organisms that live within the body or cells of another organism in a mutualistic relationship, often providing essential functions for their host.

Ectoparasites

Parasites that live on the external surface of a host, such as lice, ticks, and mites, often causing irritation or disease.

Mutualists

Organisms that engage in mutualism, a type of symbiotic relationship where both participants benefit from the interaction.