When Economists Say the Quantity Demanded of a Product Has

question 18

Multiple Choice

When economists say the quantity demanded of a product has increased, they mean the

• A) demand curve has shifted to the left.
• B) demand curve has shifted to the right.
• C) price of the product has fallen, and consequently, consumers are buying more of it.
• D) price of the product has risen, and consequently, consumers are buying less of it.

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Definitions:

Audit Studies

Research methodology that uses matched pairs of individuals (such as in race or gender) to apply for real job opportunities or housing to investigate discrimination.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Paired Actors

A research methodology that employs two individuals with identical qualifications but different backgrounds to test for discrimination in various settings.

Employment Disparities

Differences in employment opportunities, wages, and career progression faced by individuals based on race, gender, religion, or other marginalized statuses.