If the Demand for a Consumer Good Increases, the Demand

question 144

Multiple Choice

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

• A) remain the same, but the quantity demanded will increase.
• B) decrease if the demand for the consumer good is inelastic, otherwise the demand will increase.
• C) stay the same, but the quantity demanded will decrease.
• D) increase.

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Definitions:

Parenthood

The state or process of being a parent and the responsibilities associated with it.

Happiness

A state of well-being and contentment characterized by positive emotions and fulfillment.

Cannon-Bard Theory

A theory of emotion that suggests emotions and bodily reactions occur simultaneously, not sequentially.

Emotional Experience

The subjective feeling and psychological response one has to events that trigger the emotional response system.