How Does Bentham Understand "The Interest of the Community

question 815

Multiple Choice

How does Bentham understand "the interest of the community"?

• A) As the sum of the pleasures and pains experienced by the members of that community.
• B) As the existence of social structures that enable each member of the community to pursue his or her own happiness.
• C) As whatever enables the community to continue existing.
• D) As the satisfaction of the preferences of the members of the community.

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Definitions:

Quantity Supplied

Represents the amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Demand and Supply Increases

A situation where both the demand and supply for a good or service rise, affecting its market equilibrium.

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Equilibrium Quantity

The amount of products or services available matches the amount requested at the prevailing market rate.