Which Statement Expresses the Law of Demand

question 237

Multiple Choice

Which statement expresses the law of demand?

• A) There is a positive relationship between price and consumer surplus.
• B) There is a positive relationship between price and quantity that buyers are willing and able to purchase.
• C) There is an inverse relationship between the willingness to pay and the ability to pay.
• D) There is a negative relationship between price and quantity demanded.

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Definitions:

Nervous System

The complex network of nerves and cells that transmits signals between different parts of the body, enabling sensory perception, coordination, and response to stimuli.

Annelids

A phylum of segmented worms that includes earthworms, leeches, and polychaetes, characterized by a segmented body structure.

Flatworms

A group of invertebrates within the phylum Platyhelminthes, known for their flat, soft bodies.

Water-Vascular System

Of echinoderms, a system of fluid-filled tubes and tube feet that function in locomotion.