The Figure Given Below Represents the PPC in Two Nations

question 93

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Which of the following statements correctly defines the law of demand?

• A)The lower the price of a commodity, the lower the quantity demanded of that commodity.
• B)As the price of a commodity increases, the quantity demanded of that commodity also increases.
• C)The lower the price of a commodity, the greater the quantity demanded of that commodity.
• D)The lower the price of a commodity, the greater the quantity supplied of that commodity.
• E)The quantity demanded of a particular good decreases with an increase in the price of a substitute good.

---

Definitions:

Agency Rule Making

The process by which federal agencies create the regulations and rules that implement the laws passed by Congress.

Medical Malpractice

A legal cause of action that occurs when a healthcare professional deviates from standards in their profession, resulting in harm to a patient.

Tort Cases

Tort cases involve legal actions for civil wrongs that cause harm or loss, leading the injured party to seek compensation for damages.

Habeas Corpus

A legal principle that protects individuals from being detained unlawfully, allowing them to seek relief from illegal imprisonment.