One Reason Why the Quantity Demanded of a Good Tends

question 21

Multiple Choice

One reason why the quantity demanded of a good tends to fall as its price rises is that:

• A)the increase in price shifts the supply curve upward.
• B)the increase in price shifts the demand curve downward.
• C)at higher prices, suppliers are willing to supply less.
• D)people feel poorer and cut down on their use of the good.
• E)demand has to fall to restore equilibrium after a price rise.

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Definitions:

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often based on social and cultural differences rather than biological ones.

Leadership

The act of guiding or directing a group towards achieving a set of goals or objectives.

Effective Leaders

Leaders who achieve desired results through strategic planning, adaptability, and the empowerment of team members, fostering growth and success.

Gender Differences

Variations in behaviors, preferences, attitudes, and roles traditionally associated with being male or female, often influenced by biological, social, and cultural factors.