If,in Response to a Decrease in the Price of Coffee,the

question 173

Multiple Choice

If,in response to a decrease in the price of coffee,the quantity of coffee demanded increases,then economists would describe this as

• A)an increase in demand.
• B)an increase in quantity demanded.
• C)a change in consumer income.
• D)an increase in consumers' taste for coffee.

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Definitions:

Society

A group of people living together in a more or less ordered community with shared laws, traditions, and values.

Life Chances

The opportunities each individual has to improve their quality of life and realize their potential, heavily influenced by societal position.

Race

is a social construct used to categorize humans based on physical characteristics, ancestry, and genetics, often influencing identity and social dynamics.

Functionalists

A perspective in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.