The law of demand implies that, other things remaining the same,

Question

ObjectiveMcq · Accepted Answer

as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease.

ObjectiveMcq · Answer

as the demand for cheeseburgers increases, the price of a cheeseburger will fall.

ObjectiveMcq · Answer

as income increases, the quantity of cheeseburgers demanded will increase.

ObjectiveMcq · Answer

as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will increase.