When Economists Say the Quantity Demanded of a Product Has

question 18

Multiple Choice

When economists say the quantity demanded of a product has increased, they mean the

• A) demand curve has shifted to the left.
• B) demand curve has shifted to the right.
• C) price of the product has fallen, and consequently, consumers are buying more of it.
• D) price of the product has risen, and consequently, consumers are buying less of it.

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Definitions:

Springing

The lowest stone of an arch, resting on the impost block. In Gothic vaulting, the lowest stone of a diagonal or transverse rib.

Late Gothic Flamboyant

Describes the style of Gothic architecture in the late medieval period, characterized by intricate designs, flamboyant decorative patterns, and elaborate window tracery.

Notre-Dame

A famous Gothic cathedral in Paris, celebrated for its architectural beauty, historical significance, and status as a symbol of French heritage, partially damaged by fire in 2019.

Wells Cathedral

An impressive Gothic cathedral located in Wells, Somerset, England, known for its distinctive architectural features and historical significance.