Which of the following situations best demonstrates the law of demand? multiple choice movie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year. movie-goers see fewer movies per year due to an overall decrease in the quality of newly released motion pictures. a drought causes a decrease in the availability of pumpkins, resulting in fewer jack-o-lanterns displayed on halloween. an increase in the number of people writing economics textbooks results in a decrease in average textbook prices.

Movie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year.

Explanation:

According to the law of demand, when the price of the goods increases, the demand decreases. At the same time, when the price of the goods decreases, the demand increases. there is an inverse relationship between price and goods. In the above situations, the first situation is the best which demonstrates the law of demand. The reaction of the movie-goers towards the tickets demonstrates the law of demand.  

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: