Multiple Choice
Which of the following violates the law of demand?
A) After receiving an annual raise of $10,000,a young man buys more steak than before,even though the price of steak increased by 5 percent.
B) A woman with a small baby continues to purchase diapers even after the price of diapers went up.
C) After the price of bowling increases,a woman increases her frequency of bowling.
D) Despite butter being more expensive than margarine,a woman buys more butter after the price of margarine (a close substitute) increases.
Correct Answer:

Verified
Correct Answer:
Verified
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