110k views
10 votes
Which of the following is an example of the law of demand at work?

O A. The price of pizza falls when demand for pizza falls.
O B. The price of pizza goes up when the price of cheese goes up.
O C. Demand for pizza rises when the price of pizza falls.
O D. Demand for pizza goes down when tacos become more popular.

1 Answer

7 votes

Answer:

O C. Demand for pizza rises when the price of pizza falls.

Step-by-step explanation:

In the law of demand, the demand for a product and the price move in opposites directions. As the prices for a good or service increases, the demand falls. Therefore, the demand for a product is inversely related to its price.

An increase in the demand for pizza due to a fall in its prices is a perfect illustration of the law of demand. An increase or decrease in prices causes the demand to move in the opposite direction.

User Janne
by
5.4k points