Which of the Following Describes the Law of Demand? When

question 264

Multiple Choice

Which of the following describes the law of demand? When other things remain the same,as

• A) the price of gas falls, the quantity demanded of gas increases.
• B) the quantity demanded of bread increases, the price of bread falls.
• C) the price of peanut butter increases, the quantity demanded of jelly decreases.
• D) your income increases, you'll buy more hamburgers.
• E) more people decide to eat pizza, the demand for pizza increases.

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Definitions:

Nixon

Richard Nixon, the 37th President of the United States, serving from 1969 to 1974, primarily known for his involvement in the Watergate scandal and his subsequent resignation.

Reagan

Referring to Ronald Reagan, the 40th President of the United States, known for his conservative policies, economic reforms, and role in ending the Cold War.

Party Dealignment

A trend where individuals increasingly identify themselves as independent and do not consistently support a single political party, reflecting a weakening of party loyalty.