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.  

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