Which of the following illustrates the law of demand?
A) More people watch college basketball in March than in November.
B) The number of long distance calls in the United States is greater on Christmas than on Valentine's Day.
C) College enrollment decreases when tuition increases.
D) The prevailing wage rate in an industry determines how many people choose to work in the industry.
Correct Answer:
Verified
Q29: The arrangements that individuals have with each
Q30: A schedule of amounts of a good
Q31: Which of the following best represents the
Q32: Markets are
A) a mechanism through which prices
Q33: According to the law of demand
A) price
Q35: The price of a new textbook increased
Q36: When the term "price" is used in
Q37: Which of the following is an example
Q38: Which one of the following statements is
Q39: Demand applies to which of the following?
A)
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