Marks: 1 Which of the following most correctly states the law of demand? Choose

Question

Marks: 1 Which of the following most correctly states the law of demand? Choose one answer.

a. As the price falls all other things unchanged, demand will go up.
b. As the price goes up, all other things unchanged, demand will go down.
c. As the price falls, all other things unchanged, the quantity demanded will go down.
d. As the price falls, all other things unchanged, the quantity demanded will increase.
Marks: 1 Which of the following most correctly states the law of demand? Choose one answer.

a. As the price falls all other things unchanged, demand will go up.
b. As the price goes up, all other things unchanged, demand will go down.
c. As the price falls, all other things unchanged, the quantity demanded will go down.
d. As the price falls, all other things unchanged, the quantity demanded will increase.
Which of the following most correctly states the law of demand? Choose one answer.

a. As the price falls all other things unchanged, demand will go up.
b. As the price goes up, all other things unchanged, demand will go down.
c. As the price falls, all other things unchanged, the quantity demanded will go down.
d. As the price falls, all other things unchanged, the quantity demanded will increase.
Choose one answer.

a. As the price falls all other things unchanged, demand will go up.
b. As the price goes up, all other things unchanged, demand will go down.
c. As the price falls, all other things unchanged, the quantity demanded will go down.
d. As the price falls, all other things unchanged, the quantity demanded will increase.

Explanation / Answer

D

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