The Line That Relates the Price of a Good and the Quantity

question 425

Multiple Choice

The line that relates the price of a good and the quantity demanded of that good is called the

• A) demand schedule,and it usually slopes upward.
• B) demand schedule,and it usually slopes downward.
• C) demand curve,and it usually slopes upward.
• D) demand curve,and it usually slopes downward.

---

Definitions:

Self-serving Bias

The common tendency to attribute positive events to one's own character but attribute negative events to external factors.

Psychology Exam

A test or assessment designed to measure knowledge, skills, or abilities in the field of psychology.

Intelligent

Refers to the ability to learn, understand, and make judgments or have opinions that are based on reason.

Cognitive Dissonance

An individual’s psychological discomfort (dissonance) caused by two inconsistent thoughts.