Exhibit 3-13  -----------------------------Quantity Demanded-------------------------------------

question 176

Multiple Choice

Exhibit 3-13  -----------------------------Quantity Demanded-------------------------------------
Assume that Jose, Kaitlyn, Leah, and Maria are the only buyers in this market.
Refer to Exhibit 3-13.  Each individual consumer's demand curve is ________________ sloping and the market demand curve is _________________ sloping.

• A)upward; also upward
• B)downward; also downward
• C)upward; downward
• D)downward; upward

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Definitions:

Unskilled Workers

Individuals in the workforce who possess limited or no specific skills in their job roles and typically perform simple tasks that require little training.

Wage Differential

The difference in wages earned by workers in different jobs, sectors, or locations, often influenced by factors like skill levels, demand, and living costs.

Auto Repairs

Services aimed at maintaining or fixing vehicles to ensure they are safe and operational.

Consumer Preferences

The subjective tastes and desires that dictate the choices a consumer makes among different products and services.