A Vertical Demand Curve Indicates That

question 147

Multiple Choice

A vertical demand curve indicates that:

• A) the quantity demanded will drop to zero if the price increases by any amount.
• B) the quantity demanded will remain unchanged no matter what happens to the price.
• C) the quantity demanded will rise if the price increases by any amount.
• D) the quantity demanded will only react to large changes in price.

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Definitions:

Conformity

The act of aligning one's beliefs or behaviors with those of a group, often due to perceived social pressure or the desire for acceptance.

Group Cohesion

The degree to which members of a group are drawn together and feel loyalty and togetherness.

Conformity

Adjusting one's behavior or beliefs to match those of others, often as a result of real or imagined group pressure.

Conversion Theory

The explanation that people are influenced by a minority because the minority’s distinctive position better captures their attention.