Which of the Following Is True Regarding a Demand Curve

question 344

Multiple Choice

Which of the following is true regarding a demand curve?
i.The demand curve is also the marginal benefit curve.
ii.The demand curve shows the dollars' worth of other goods that people are willing to forgo to consume another unit of the good.
iii.The demand curve shows the maximum price that people are willing to pay for another unit of a good.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) i, ii, and iii
• E) i only

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The influence a person holds over others due to their skills or knowledge in a specific domain.

Psychological Power

The influence or control over others' beliefs, emotions, or behaviors through persuasive, charismatic, or leadership abilities, rather than through coercion or force.

Referent Power

A form of power that arises from being admired, respected, or identified with, often leading to influence due to personal traits rather than formal authority.

Expert Power

A form of influence based on the possession of expertise, knowledge, or skill that others need or value.