If the Demand for a Consumer Good Decreases, the Demand

question 93

Multiple Choice

If the demand for a consumer good decreases, the demand for resources required to make the good will

• A) increase.
• B) remain the same, but the quantity demanded will increase.
• C) decrease.
• D) increase or decrease depending on whether the demand for the product is elastic or inelastic.

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Definitions:

Manipulation Check

A process in experiments to ensure that the manipulation of variables has the intended effect on participants.

Factorial Study

A research design used to assess the influence and interaction effects of two or more independent variables on one or more dependent variables.

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