If Consumers Are Less Willing and Able to Pay for Each

question 100

Multiple Choice

If consumers are less willing and able to pay for each level of output than they were previously, what is the effect in the market?

• A) Demand will decrease.
• B) Supply will decrease.
• C) Demand will increase.
• D) Supply will increase.

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Definitions:

Psychological Health

refers to the state of emotional, mental, and social well-being in which an individual is able to meet the demands of everyday life and work productively.

Parenting Style

The manner in which a parent raises their child, characterized by levels of responsiveness and demandingness.

Ambivalent

Having mixed or contradictory feelings about someone or something.