Refer to the Diagram and Assume a Single Good

question 183

Multiple Choice

Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would

• A)decrease if demand were D₁ only.
• B)decrease if demand were D₂ only.
• C)decrease if demand were either D₁ or D₂.
• D)increase if demand were either D₁ or D₂.

---

Definitions:

Value Judgments

Decisions or assessments that reflect personal or societal opinions on what is important or morally right.

Unconscious

The part of the mind that contains thoughts, memories, and desires that are not within one's current awareness or conscious control.

Self-Reinforcement

The process of rewarding oneself for a desirable action or behavior to increase the likelihood of it happening again.

Regulated Behavior

Behavior that is controlled or directed by rules and regulations, often within a societal or psychological context.