Use the Following to Answer Question(s): the Demand for Chocolate-Covered

question 85

Multiple Choice

Use the following to answer question(s) : The Demand for Chocolate-Covered Peanuts
Quantity Demanded
(bags per month)

-(Exhibit: The Demand for Chocolate-Covered Peanuts) If the price of chocolate-covered peanuts increases from 40 cents to 50 cents, Dan will reduce his quantity demanded from 160 bags to 140 bags due to:

• A) the law of demand.
• B) the law of supply.
• C) a decline in his income.
• D) a change in his tastes and preferences.

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Definitions:

Impoundment Control Act

A 1974 U.S. law designed to restrict the power of the President to impound funds appropriated by Congress, ensuring that authorized funds are spent.

Committee System

A method of delegating legislative or administrative tasks to smaller, specialized groups within a larger organization or governing body, often found in parliaments or congresses.

Congress

A bicameral body that constitutes the legislative branch of the United States, tasked with creating and passing federal laws, comprising two parts: The Senate, representing states equally, and the House of Representatives, representing districts based on population.

Federalists

Supporters of the ratification of the U.S. Constitution, advocating for a strong central government to unite the states and manage national issues effectively.