An Increase in the Demand for a Good Means That

question 68

Multiple Choice

An increase in the demand for a good means that

• A) the demand curve has shifted to the left.
• B) the good's price has fallen and, as a result, consumers are buying more of the good.
• C) the good has become scarce.
• D) consumers are willing to purchase more of the good at each possible price.

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Definitions:

Virtual Communities

Are groups of people that primarily interact through communication media rather than face to face, for social, professional, educational, or other purposes.

Computer-Mediated Communities

Groups that interact through and are facilitated by computer systems, often via the internet, forming social networks with shared interests.

Common Interest

A shared concern or goal among individuals in a group, which motivates collective action or establishes a connection.

Total Institutions

Settings where people are isolated from the larger society and under the strict control and constant supervision of a specialized staff.