If the Demand for a Product Increases, What Would We

question 276

Multiple Choice

If the demand for a product increases, what would we expect?

• A) equilibrium price to increase and equilibrium quantity to decrease
• B) equilibrium price to decrease and equilibrium quantity to increase
• C) equilibrium price and equilibrium quantity to both increase
• D) equilibrium price and equilibrium quantity to both decrease

Differentiate between preconventional, conventional, and postconventional levels of moral development.

Recognize the influence of societal rules and personal values on moral reasoning.

Analyze moral dilemmas using Kohlberg's framework.

Understand the criticisms and limitations of Kohlberg's theory of moral development.