A Demand Function Depicts How the Consumer Demand of a Product

question 9

Multiple Choice

A demand function depicts how the consumer demand of a product varies with:

• A) available income.
• B) cost of raw materials
• C) the price of oil
• D) amount available in the market

---

Definitions:

Tax Increase

A rise in the rate at which individuals or businesses are taxed by the government.

Snickers Candy Bars

A popular brand of candy bar consisting of nougat topped with caramel and peanuts, enrobed in milk chocolate.

Falls 10%

A term indicating a decrease in a value, such as stock prices or GDP, by 10% from its previous level.

Camel Cigarette

A brand of cigarettes that was originally developed by the R.J. Reynolds Tobacco Company in the United States, known for its distinct packaging and marketing.