Which of the Following Is Not an Explanation as to Why

question 59

Multiple Choice

Which of the following is not an explanation as to why the demand curve is negatively sloped?

• A) the law of diminishing marginal utility
• B) the law of increasing total utility
• C) the substitution effect
• D) the income effect

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Definitions:

Activation

The process or state of making something active or operative, particularly in relation to psychological or physiological responses.

Aroused

Refers to the state of being awakened or stimulated, either physically, mentally, or emotionally.

Astonished

Greatly surprised or amazed, often beyond expectation.

Personal Space Zones

The physical space immediately surrounding individuals which they consider their personal area, the intrusion of which can lead to discomfort or anxiety.