The Nature of Demand Indicates That as the Price of a Good

question 32

Multiple Choice

The nature of demand indicates that as the price of a good increases:

• A) suppliers wish to sell less of it.
• B) more of it is produced.
• C) more of it is desired.
• D) buyers desire to purchase less of it.

---

Definitions:

Ethical Decision-making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Moral Decision-making

The process of choosing the right or ethical course of action when faced with a moral dilemma.

Informed Consent

A process by which a person voluntarily confirms their willingness to participate in a particular procedure, having understood its risks, benefits, and other related information.

Emergency

A sudden, unexpected situation requiring immediate action, often to prevent a worse outcome.