________ Is a Moral System Based on Maximizing Pleasure and Avoiding

question 33

Multiple Choice

________ is a moral system based on maximizing pleasure and avoiding pain.

• A)Hedonism
• B)Asceticism
• C)Legalism
• D)Situationism

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market price.

Supply Increases

A situation where the quantity of a good or service that producers are willing and able to sell at a specific price rises.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market stability.

Demand Decrease

A downward shift in the demand curve for a product, indicating that consumers now desire less of it at every price.