A Decrease in Demand for a Good Could Mean That

question 60

Multiple Choice

A decrease in demand for a good could mean that

• A)consumers are willing to pay a higher price for each quantity of the good
• B)consumers are willing to buy larger quantities of the good at each price
• C)the demand curve has undergone a parallel shift to the right
• D)the demand curve has undergone a nonparallel shift to the right
• E)the demand curve has shifted to the left

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Definitions:

Creative Intelligence

The ability to produce new products, ideas, or innovative solutions to problems within a cultural setting.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Analytical

Being analytical relates to the ability to examine components or structures methodically and logically, often to understand a complex whole or to solve problems.

Grit

The quality of being resilient, perseverant, and passionate towards long-term goals despite facing hardship or failure.