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You read an article stating that Facebook is related to unhappiness. In the study, a group of high school students were asked how many times a day they checked their Facebook pages and how happy they were. In discussing this article with your friend Matt, he exclaims, "I knew it! I have always said that being on Facebook is the cause of all my unhappiness!"
What type of claim is the author making in the article referenced to in this study? Name two reasons you think the author is making this type of claim.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.
Price Taker
An entity in a market that has no control over the prices at which it buys or sells goods, typically because it is too small to influence market prices.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various price levels.
Total Revenue
The overall amount of money generated from sales of goods or services, calculated as quantity sold times price per unit.
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