According to the Law of Demand, What Happens as the Price

question 117

Multiple Choice

According to the law of demand, what happens as the price of a good increases?

• A) More of it is produced.
• B) Buyers desire to purchase less of it.
• C) More of it is desired.
• D) Suppliers wish to sell less of it.

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Definitions:

Functionalist Perspective

A theoretical framework in sociology that emphasizes the way each part of society functions together to contribute to the whole.

Stability

The state of being resistant to change and not prone to wild fluctuations in emotion or condition.

Society

Society refers to a group of individuals who live together in a defined territory and share a common culture.

Orgasm

The peak of sexual pleasure, involving a series of involuntary muscle contractions in the genital region, often associated with sexual arousal and intercourse.