When the Demand for a Good Increases

question 30

Multiple Choice

When the demand for a good increases:

• A) less of the good is bought at each price.
• B) buyers move downward along the demand curve.
• C) more of the good is bought at each price.
• D) buyers move upward along the demand curve.

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Definitions:

Residuary Clause

A provision in a will that assigns the remainder of the deceased's estate after specific gifts have been disbursed.

Uniform Anatomical Gifts Act (UAGA)

Legislation that facilitates the donation of organs and tissues for transplantation purposes.

Bequeath

The act of leaving personal property to someone through a will.

Personal Representative

A personal representative is an individual appointed to administer the estate of a deceased person under a will or through a court process.