The ____________ Is Specifically Designed for Situations Requiring a Counter

question 79

Multiple Choice

The ____________ is specifically designed for situations requiring a counter variable to control the number of times that a loop iterates.

• A) while loop
• B) if-else statement
• C) for loop
• D) switch statement

---

Definitions:

Substitution Effect

The economic concept that as prices rise (or incomes decrease), consumers will replace more expensive items with cheaper alternatives, holding utility constant.

Relative Price

Relative price is the price of one good or service compared to another, essentially indicating the trade-off between choosing one over the other.

Price Increases

Price Increases involve a rise in the cost of goods or services over time, often measured by inflation rates.

Demand Decreases

A situation where the quantity of goods and services that consumers are willing and able to purchase at a given price level declines.