Discrimination Based on Someone's Economic Resources and Lifestyle Is Called

question 50

Multiple Choice

Discrimination based on someone's economic resources and lifestyle is called

• A) classism.
• B) consumerism.
• C) socialism.
• D) capitalism.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various prices.

Decrease In Demand

A downward shift in the demand curve for a product, indicating that consumers now desire less of the product at each price level.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given point in time, often depicted as a point on a demand curve.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, usually to protect consumers.