The Law of Demand Refers To

Multiple Choice

The Law of Demand refers to:

A) a shift in the demand curve that occurs when a variable other than the good's own price changes
B) movement along a given good's demand curve when the price of that good changes, but other variables do not.
C) the proposition that that price and quantity demanded can be expected to be inversely related so that consumers will be willing and able to buy more of a good at lower prices that they are at higher prices.
D) a functional relationship between the various possible prices of a good and the quantity supplied by sellers of it per time period.
E) the amounts of a good that that consumers are willing and able to buy and other relevant variables such as income or the prices of other goods.