If Consumer Tastes Are Changing More in Favor of the Consumption

question 322

Multiple Choice

If consumer tastes are changing more in favor of the consumption of a particular good the

• A) market demand curve will shift to the left.
• B) consumer will move up a given demand curve, decreasing the quantity demanded.
• C) consumer would move down a given demand curve, decreasing the quantity demanded.
• D) consumer would move down a given demand curve, increasing the quantity demanded.
• E) market demand curve would shift to the right.

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Definitions:

Ingroup/Outgroup Bias

The tendency to favor and extend loyalty to members of one's own group (the ingroup) while discriminating against members of other groups (the outgroup).

Stereotype

A stereotype is a fixed, generalized belief about a particular group or class of people.

Subtyping

The cognitive process of creating subcategories within a broader category based on the recognition of differences that distinguish members of various subgroups.

Modern Racism

Subtle forms of prejudice that coexist with the rejection of racist beliefs.