A Demand Curve Shows How Quantity Demanded Changes as Price

question 30

Multiple Choice

A demand curve shows how quantity demanded changes as price changes.What do these changes imply?  

• A) that only a change in price can shift a demand curve 
• B) that everything else that affects demand is assumed to be constant 
• C) that quantity demanded is unrelated to price 
• D) that economists are concerned only with money

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Definitions:

Opposite-Sex Parent

A child's parent of the gender different from their own, often discussed in the context of developmental psychology.

Identifying

The process of recognizing and naming someone or something.

Basic Motivation

The fundamental drives and psychological needs that prompt an individual to take action or behave in certain ways.

Self-Actualization

Actualizing one's full abilities and potential, felt as a compelling need or motivation inherent in all people.