When Economists Say That the Demand for a Product Has

question 89

Multiple Choice

When economists say that the demand for a product has decreased, they mean that

• A) a greater quantity will be produced at any price.
• B) the price is too high for equilibrium.
• C) a smaller quantity will be produced at any price.
• D) demand was too high for producers to make a profit.
• E) the price is too low for equilibrium.

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Definitions:

Outer Surface

The external layer or boundary of an object, material, or living organism.

Folds

Occur in various contexts, such as geology where they are bends in layered rocks, or in biology, as in the folding of proteins into complex structures.

Split Brain

A condition resulting from the severance or damage of the corpus callosum, leading to a lack of communication between the right and left hemispheres of the brain.

Corpus Callosum

The large band of neural fibers connecting the two hemispheres of the brain, facilitating interhemispheric communication.