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The National Rifle Association chapter in a university town claims 60% of the students at the university favor gun control. A social scientist at the university conducts a survey of 20 randomly chosen students and finds 9 who favor gun control. Which of the following is a reasonable conclusion?
Demand Decrease
A reduction in the quantity of a good or service that consumers are willing and able to purchase at a given price.
Quantity Demanded
Quantity demanded refers to the total amount of a product consumers are willing to purchase at a specific price level, holding all else constant.
Quantity Demanded
It refers to the total amount of a good or service that consumers are willing and able to purchase at a particular price over a given period of time.
Willing And Able
The condition of being both interested in making an economic transaction and capable of doing so.
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