The Law of Demand Implies That the Demand Curve

question 359

Multiple Choice

The law of demand implies that the demand curve

• A) has a negative slope.
• B) has a positive slope.
• C) shifts to the right when the price of a good increases.
• D) shifts to the left when the price of a good decreases.

---

Definitions:

Sherif's Research

A series of studies in social psychology conducted by Muzafer Sherif, focusing on social norms, conformity, and group dynamics.

Intergroup Attitudes

The beliefs, feelings, and behavioral tendencies directed towards members of a different group, which can include prejudice, stereotyping, and discrimination.

Tugs-of-war

A metaphor for situations or competitions where two or more parties exert opposite forces or influences, often leading to a standstill.

Energetic

Characterized by or involving vigor, physical strength, and a high level of activity.