The Tendency for Consumers to Purchase More of a Good

question 84

Multiple Choice

The tendency for consumers to purchase more of a good or service as its price falls is captured by the:

• A)law of supply.
• B)law of increasing cost.
• C)Low-Hanging Fruit Principle.
• D)law of demand.

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Definitions:

Deviants

Individuals who act or behave in ways that deviate from the accepted norms or standards of their society or community.

Labeling

Refers to the process of classifying and naming behaviors, individuals, or groups based on perceived characteristics, often influencing how they are treated by others and self-identity.

Social Control

Mechanisms, strategies, and institutions society uses to persuade or enforce conformity to its norms and laws.

Recidivism

The tendency of a convicted criminal to reoffend, often used in the context of the rate at which former prisoners commit crimes.