As the Premium for an Insurance Policy Rises, There Is

question 62

Multiple Choice

As the premium for an insurance policy rises, there is a(n) :

• A)decrease in the demand for insurance.
• B)increase in the supply of insurance.
• C)decrease in the quantity demanded of insurance.
• D)decrease in the supply of insurance.

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Definitions:

Freshman Year

The initial year of education at a high school or university, marking the beginning of an academic journey.

Need To Belong

The need to belong is a fundamental human motivation to form and maintain strong, stable interpersonal relationships and social connections.

Relationship

A connection, association, or involvement between people, which can be emotional, social, professional, or familial.

Purpose

The reason for which something is done or created or for which something exists.