In the Market for Birth Control Devices, If the Number

question 7

Multiple Choice

In the market for birth control devices, if the number of women of child-bearing age decreases, the

• A)demand curve will shift to the right.
• B)supply curve will shift to the right.
• C)demand curve will shift to the left.
• D)supply curve will shift to the left.

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Definitions:

HDC

Refers to a Holder in Due Course, a legal term describing a party that has acquired a negotiable instrument under certain conditions, protecting them against certain defenses.

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.

Altered Instrument

A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.

Collateral

Under Article 9 of the Uniform Commercial Code, the property subject to a security interest.