If the Price of Chocolate Chip Cookies Rises, Then

question 52

Multiple Choice

If the price of chocolate chip cookies rises, then

• A) the demand curve for chocolate chip cookies shifts rightward.
• B) the demand curve for chocolate chip cookies shifts leftward.
• C) there is a movement downward along the demand curve for chocolate chip cookies.
• D) there is a movement upward along the demand curve for chocolate chip cookies.

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Definitions:

Corporations

Legal entities that can enter into contracts and own property. They are taxed at a lower rate than individuals and their owners are normally not liable for the corporation’s debt or any harm it may cause the public.

Consensus Crimes

Crimes that are universally condemned by society, such as murder or theft, and seen as inherently wrong.

Criminals

Persons who engage in activities that breach legal codes and are thus subject to judicial indictment and punishment; this definition reiterates their adversarial role against societal norms and laws.

Prison

An institution for the confinement and rehabilitation of individuals who have been convicted of crimes.