An Individual's Demand Curve Slopes Down Because

question 250

Multiple Choice

An individual's demand curve slopes down because

• A) marginal utility falls as price falls.
• B) the value of the marginal utility falls as the price falls.
• C) of the rule that the marginal utility of the last unit must equal the price.
• D) of the law of diminishing marginal utility and the rule of equal marginal utilities per dollar.

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Definitions:

Reckless Disregard

A legal standard denoting a person's intentional negligence or indifference to the known risk of their actions causing harm to others.

Clear And Present Danger Test

A legal doctrine used to determine under what circumstances limits can be placed on First Amendment freedoms of speech, press, or assembly.

Bad Tendency Rule

Legal doctrine that permits the restriction of freedom of speech if the speech in question has a tendency to incite crime or disturb the public peace.

Strict Scrutiny Test

A form of judicial review that courts use to determine the constitutionality of certain laws, requiring the law to be narrowly tailored to serve a compelling governmental interest.