One Reason That the Quantity Demanded of a Good Tends

question 48

Multiple Choice

One reason that the quantity demanded of a good tends to rise as its price falls is that:

• A)the decrease in price shifts the supply curve downward.
• B)people feel a bit richer and increase their use of the good.
• C)demand has to rise to restore equilibrium after a price reduction.
• D)suppliers are willing to supply more at lower prices.
• E)the decrease in price shifts the demand curve upward.

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Definitions:

Establishment Clause

A provision in the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion, ensuring the separation of church and state.

Free Exercise Clause

A provision in the First Amendment to the U.S. Constitution that protects the right of individuals to practice their religion freely, without government interference.

Equal Protection Clause

Part of the Fourteenth Amendment to the United States Constitution, it dictates that no state shall deny to any person within its jurisdiction the equal protection of the laws.

Muslim Man

An individual who identifies with the Islamic faith, which is a monotheistic Abrahamic religion articulated by the Quran.