Recall the Discussion About the Demand for Oil in Your

question 150

Multiple Choice

Recall the discussion about the demand for oil in your textbook. Which of the following correctly explains why the demand curve for oil is negatively sloped? As the price of oil rises:

• A) consumers use oil for more and varied purposes.
• B) consumers increasingly use oil only for those purposes without good substitutes.
• C) consumers have an incentive to use oil more freely.
• D) more producers are more willing and able to produce oil.

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Definitions:

Prenatal Period

The stage of human development that occurs from conception until birth.

Growth

The process of increasing in physical size, intellectual capacity, maturity, or the expansive development of an organism or entity over time.

Fetal

Pertaining to the developing human within the womb, especially beyond the eighth week after conception.

Developmental Psychologist

A professional who studies the psychological growth and changes that occur throughout a person's life, focusing on cognitive, social, and emotional development.