The law of demand states

-a. there is an inverse relationship between price and quantity demanded.

-b. there is a positive relationship between price and quantity demanded.

-c. there is an inverse relationship between price and demand.

-d. there is a positive relationship between price and quantity supplied.

A shift in the demand curve is caused by all of the following except-

-(a) a change in the price of a related good.

-(b) a change in future expectations.

-(c) a change in the price of the good.

-(d) a change in income.

Suppose chicken and pork are substitutes in consumption. Which of the following is true if the price of chicken increases.

-(a) The demand for chicken will decrease

-(b) The demand for pork will increase.

-(c) The demand for chicken will increase.

-(d) The demand for pork will decrease.

Assuming peanut butter and jelly are complements and there is a decrease in the price of peanut butter, which of the following is true?

-(a) The demand for peanut butter will decrease.

-(b) The demand for jelly will decrease.

-(c) The demand for jelly will increase.

-(d) The demand for peanut butter will increase.

Which of the following is likely true with respect to the demand for facebook after the emergence of Tik Tok?

-(a) The demand for facebook will increase.

-(b) The quantity demanded for facebook users will increase.

-(c) The demand for facebook will decrease.

-(d) The demand for Tik Tok will increase.

Netflix decides to raise prices for all of their streaming tiers. Which of the following is true?

-(a) The demand for Netflix will decrease.

-(b) The demand for Netflix will increase.

-(c) The quantity demanded for Netflix will decrease.

-(d) The quantity demanded for Netflix will decrease.