Which of the Following Is an Example of the Law

question 235

Multiple Choice

Which of the following is an example of the law of demand?

• A) An increase in the price of magnetic optical disks is followed by a reduction in the amount of magnetic optical disks purchased.
• B) An increase in the price of tablets is followed by an increase in the sale of tablets.
• C) A decrease in the price of milk has no effect on the amount of milk consumed.
• D) The amount of smartphones sold increases while the price of smartphones is constant.

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Definitions:

Queen Isabella

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A prominent Chinese explorer and naval commander of the Ming dynasty known for his expeditions to Southeast Asia, South Asia, the Middle East, and East Africa.

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Innovations and advancements in the design, construction, and navigation of ships and boats, enabling exploration, trade, and military activities across seas and oceans.

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An economic system that relies heavily on the exchange of goods and services through trade, both domestically and internationally.