Suppose the Demand Curve for Good Z Is Downward-Sloping

question 231

Multiple Choice

Suppose the demand curve for good Z is downward-sloping. If the price of good Z decreases because of a shift in supply, this will cause:

• A)an increase in the demand for good Z.
• B)a movement along the demand curve of good Z.
• C)no effect on the quantity demanded of good Z.
• D)fewer people to purchase good Z.

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Definitions:

Opiate

Refers to a group of drugs derived from opium used for their analgesic, sedative properties, and can lead to addiction.

Endorphins

Natural chemicals produced in the brain that act as painkillers and are associated with feelings of pleasure and euphoria.

Psychoactive Drugs

Substances that alter brain function, resulting in temporary changes in perception, mood, consciousness, and behavior.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) sleep.