According to the Law of Demand, the Quantity Demanded of a Good

question 155

Multiple Choice

According to the law of demand, the quantity demanded of a good is related to

• A) the average price of all goods.
• B) income.
• C) any factor that affects the decision of an individual consumer but not the market.
• D) the relative price of that good.

---

Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently, often emphasized as an important aspect of personal development and psychological health.

Approach Motivation

The drive towards a positive stimulus or outcome, motivated by the desire for a reward or fulfilling experience.

Avoidance Motivation

A behavioral response aimed at evading unpleasant outcomes, tasks, or situations.

Implicit Motives

Unconscious drives and desires that influence behavior and decision-making, often distinct from consciously stated goals or values.