By an "Increase in Demand," Economists Mean That

question 265

Multiple Choice

By an "increase in demand," economists mean that

• A)product price has fallen, so consumers move down to a new point on the demand curve.
• B)the quantity demanded at each price in a set of prices is greater.
• C)the quantity demanded at each price in a set of prices is smaller.
• D)a leftward shift of the demand curve has occurreD.

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Definitions:

Proportioning Valve

A hydraulic brake valve used on vehicles equipped with front disc and rear drum brake. Its function is to reduce application pressure to the rear drum brakes to prevent premature lockup under severe braking.

Proportioning Valve

A valve in a vehicle's brake system that modulates the pressure to the rear brakes to prevent them from locking up during braking.

Rear Wheel Lock-up

A dangerous condition where the rear wheels of a vehicle cease to rotate while in motion, often leading to loss of control.

Disc/drum System

A braking system combining both disc and drum brake technologies, typically with discs on the front wheels and drums on the rear.