The law of demand states that price and quantity demanded are
A) directly related, ceteris paribus.
B) inversely related, ceteris paribus.
C) independent.
D) positively related, ceteris paribus.
B
You might also like to view...
Between 2007 and 2009, the unemployment rate in the U.S.:
A. Fell from 6% to 4.5% B. Rose from 4.7% to 10% C. Rose slightly from 5.5% to 7% D. Remained stagnant at about 7%
A shift of the U.S. demand curve for Mexican pesos to the left and a decrease in the pesos price per dollar would likely result from:
A. an increase in the U.S. inflation rate relative to the rate in Mexico. B. a change in U.S. consumers' tastes away from Mexican products and toward products made in South Korea, India, and Taiwan. C. U.S. buyers perceiving that domestically-produced products are of a lower quality than products made in Mexico. D. a decrease in the supply of pesos.