John Believes That When the Price of a Good Increases

question 432

Multiple Choice

John believes that when the price of a good increases people will purchase more of the good. This statement is

• A)consistent with the law of demand.
• B)inconsistent with the law of demand.
• C)referring to money prices.
• D)consistent with the law of supply.

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Definitions:

Shock Absorber

A mechanical device designed to smooth out or dampen shock impulse, and absorb kinetic energy.

Dizygotic Twins

Twins that arise from the separate fertilization of two eggs; commonly known as fraternal twins. Compare with monozygotic twins.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm, resulting in siblings that are genetically distinct.

Extraembryonic Membrane

Membranes forming outside the embryo that support its development, including the yolk sac, amnion, chorion, and allantois in vertebrates.