Which of These Is a Likely Consequence of an Increase

question 67

Multiple Choice

Which of these is a likely consequence of an increase in the price level in the economy,other things constant?

• A)Firms demanding less imported raw materials
• B)Government demanding less military hardware
• C)Foreigners demanding greater amount of U.S.goods
• D)Households demanding more housing and furniture
• E)Firms demanding more capital resources

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Definitions:

Alternative Evaluation

The stage in the consumer decision-making process where different product and service options are assessed against a set of criteria.

Suggests Criteria

The act of proposing specific standards or benchmarks that can be used to evaluate or judge something.

Information Search

The process by which individuals gather data and details about a product or service before making a purchase decision.

Evaluative Criteria

Standards or benchmarks that are used to judge the quality or value of something, often applied in decision-making processes or assessments.