The "Law of Diminishing Demand" Says That

Multiple Choice

The "law of diminishing demand" says that:

A) if the price of a product is lowered, usually the same quantity will be demanded.
B) if the price of a product is raised, a smaller quantity will be demanded.
C) the demand for any product will tend to decline over time.
D) the more of a product a person buys, the less utility that particular product offers him.
E) if the price of a product is lowered, a smaller quantity will be demanded.