Which of the following illustrates the law of demand?

a. An increase in tuition encourages more students to enroll in college because the quality of education has risen.

b. Oil companies drill for new sources because prices are higher.

c. Consumers buy more personal computers because prices have fallen.

d. Fewer people play golf because incomes are lower.

The right answer is, C. Consumers buy more personal computers because prices have fallen.

Explanation:

the price and demand are indirectly proportional, that is, if the price of a good or service increases, therefore its demand will decrease and if the price decreases its demand will increase.

So the point that most illustrates this market activity is point C.

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explanation:

f

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.