Which of the Following Is an Implication of Demand Curves

question 108

Multiple Choice

Which of the following is an implication of demand curves sloping downward?

• A)Buyers will purchase greater quantities of a good or service as its price falls.
• B)Sellers will supply greater quantities of a good or service as its price increases.
• C)Buyers will purchase greater quantities of a good or service as their incomes fall.
• D)Sellers will supply greater quantities of a good or service as taxes increase.

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Definitions:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow, organizing human needs into a hierarchy, from basic physiological needs to safety, love/belonging, esteem, and self-actualization needs.

Distress

Negative stress that arises when demands exceed an individual's coping abilities, resulting in psychological strain or anxiety.

High Achievers

Individuals who consistently perform at a high level and achieve significant success in their activities.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.