When Economists Say the Demand for a Product Has Increased

question 37

Multiple Choice

When economists say the demand for a product has increased, they mean the

• A) demand curve has shifted to the right.
• B) price of the product has fallen, and consequently, consumers are buying more of it.
• C) cost of producing the product has risen.
• D) amount of the product that consumers are willing to purchase at various prices has decreased.

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Definitions:

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, ranging from minor mutations to major alterations affecting multiple genes.

Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Fetus

The product of conception from the end of the eighth week to the moment of birth.

Toddlers

Young children, typically aged between one and three years old, who are learning to walk and developing rapidly in other areas.