Which Would Best Explain a Decrease in Both the Price

question 53

Multiple Choice

Which would best explain a decrease in both the price and the quantity of a product over a period of time?

• A) a decrease in people's incomes, and the product is an inferior good
• B) a long strike by workers who make the product
• C) a decrease in the price of a substitute good
• D) a technological improvement in production methods

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Definitions:

Legal Insanity

A legal defense theory suggesting that a person cannot be held responsible for their actions if they are deemed unable to understand the difference between right and wrong due to a mental disorder.

Free Will

The capacity of individuals to act independently, making free choices that are unconstrained by external circumstances or by an agency such as fate or divine will.

Dangerous Criminals

Individuals who have committed serious crimes and are considered a significant threat to public safety and security.

American Law Institute Test

A standard used to determine criminal liability in insanity defense cases, assessing if the defendant lacked the ability to understand the wrongfulness of their actions due to mental illness.