Question

The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________

A) The opportunity cost.
B) The law of demand.
C) The law of ceteris paribus.
D) Say's Law.

Answer 1

B) The law of demand

Step-by-step explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Ceteris paribus means all things being equal.

Says law says supply creates its own demand.

I hope my answer helps you