26
QuizMultiple Choice

The Law of Demand

Question 26 • RAIL NCAA OC Economics 2027

According to the law of demand, as prices decrease, the quantity demanded

Answer
A
decreases.
B
increases.
C
stays the same.
D
disappears.

Explanation

The law of demand says that, when other factors stay the same, a lower price leads consumers to buy more of a good. So as prices decrease, the quantity demanded increases. “Stays the same” and “decreases” do not describe this relationship.

AI-written and checked against the verified answer.

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