One Reason That the Quantity Demanded of a Product Increases

question 29

Multiple Choice

One reason that the quantity demanded of a product increases when its price falls is that:

• A)consumer incomes have decreased
• B)the product is no longer new on the market
• C)the product has greater value in terms of satisfaction per dollar spent
• D)the product is being produced in Canada
• E)the prices of other products must have fallen as well

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Definitions:

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding over the course of a person's life.

Sensorimotor

Pertaining to or involving both sensory and motor activities or functions, often in reference to the integration of sensory input and motor responses.

Motor Cortex

A part of the cerebral cortex tasked with planning, managing, and executing movements done by choice.

Inferior Frontal Cortex

A region of the frontal lobe of the brain that plays a role in language processing and motor control.