When an Economist Says That the Demand for a Product

question 35

Multiple Choice

When an economist says that the demand for a product has increased,he or she means that:

• A)consumers are now willing to purchase more of this product at every price
• B)the product has become particularly scarce for some reason
• C)the product's price has fallen and, consequently, consumers are buying a larger quantity of the product
• D)the demand curve has shifted to the left
• E)the product has suddenly become plentiful

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Definitions:

Sensory Awareness

The consciousness or alertness of the sensations experienced through the five senses.

Drug

Any substance that causes a change in an organism's physiology or psychology when consumed.

Multifactorial Causation

A concept that an event or condition is the result of multiple factors working together, not just a single cause.

Drug Effects

The physiological and psychological outcomes resulting from the consumption of pharmaceutical substances or recreational drugs.