Which of the following is consistent with the law of demand?
Part 2
A.
A doubling
of the price of salt led to a 5 percent drop
in the quantity of salt purchased.
B.
Airplanes flew with more
passengers after deregulation of airlines
.
C.
The state of Washington
has less apple
regulation than California
,
and apple
production is higher in California
.
D.
An increase in the supply of oranges
causes a decrease in the consumption of oranges
.
1 answer
A. A doubling of the price of salt leading to a 5 percent drop in the quantity of salt purchased is consistent with the law of demand. According to the law of demand, as the price of a good or service increases, the quantity demanded for that good or service decreases.