Jasmine is willing to buy 40 pencils at 25 cents apiece. When the price is 10 cents apiece she is willing to buy 100 pencils. Which statement could be true about Jasmine and demand for pencils?

Jasmine's willingness to buy more pencils at a lower price indicates that she has a typical demand curve, where demand increases as price decreases. At 25 cents, she is willing to buy 40 pencils, but when the price drops to 10 cents, her demand increases to 100 pencils. This behavior suggests that Jasmine values pencils and responds to price changes in a predictable manner, reflecting the law of demand.