'When Consumer Demand for an Item Increases, Prices Rise

question 46

Multiple Choice

'When consumer demand for an item increases, prices rise.' This principle applies to

• A)socialist forms of economic activity.
• B)the laws of supply and demand.
• C)mechanisation.
• D)the division of labour.

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Definitions:

Arrogant

A descriptor for an attitude of superiority manifested in presumptuous claims or assumptions.

Fallopian Tubes

Tubes that connect the ovaries to the uterus in the female reproductive system, where fertilization of the egg by the sperm usually occurs.

Infertility

Inability to conceive a child after 12 months of sexual intercourse without the use of birth control.

Obesity

A medical condition characterized by excess body fat that presents a risk to health, typically measured by BMI (body mass index).