Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen.One can conclude that
A)the law of demand has been violated.
B)the number of tarot card readers has increased.
C)the demand for tarot card readers has increased.
D)tarot card readers are deliberately charging high prices because they provide services for superstitious clients.

Question

Quizplus · Accepted Answer

When price of a good or service rises and the demand for that good or service also rises, it indicates an increase in demand. Therefore, it can be concluded that the demand for tarot card readers has increased. It is unlikely that the law of demand has been violated because when the price of a good or service rises, the demand for it should decrease, not increase. The statement about the number of tarot card readers and their intentions for charging high prices is not supported by the information given.

Assume That the Hourly Price for the Services of Tarot