22
QuizMultiple Choice

The Law of Demand

Question 22 • RAIL NCAA OC Economics 2027

The law of demand applies most directly to which group?

Answer
A
buyers
B
sellers
C
producers
D
lawmakers

Explanation

The law of demand describes how buyers respond to price: when a good’s price rises, buyers generally purchase less, and when its price falls, they generally purchase more. Therefore, it applies most directly to buyers.

AI-written and checked against the verified answer.

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