In Which Statement(s) Are "Demand" and "Quantity Demanded" Used Correctly

question 309

Multiple Choice

In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the quantity demanded of tea."
(II) "An increase in the price of tea will reduce the demand for sugar used in tea."

• A) in both statements I and II
• B) in statement I only
• C) in statement II only
• D) in neither statements I nor II

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Definitions:

Insight Therapies

A variety of therapies that aim to improve psychological functioning by increasing the client’s awareness of underlying motives and defenses.

Psychological Functioning

The composite of mental operations and behaviors that include cognitive processes, emotional responses, and social behavior.

Underlying Motives

Fundamental reasons or driving forces behind individuals' behaviors and actions, often subconscious.

Humanistic Therapies

A group of psychotherapies that emphasize personal growth and self-actualization, focusing on the individual’s experience and the potential for self-healing.