Suppose Consumption Increases at Each Price Level

question 112

Multiple Choice

Suppose consumption increases at each price level.As a result,aggregate demand __________,and the AD curve shifts __________.

• A) increases; leftward
• B) decreases; leftward
• C) increases; rightward
• D) decreases; rightward

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Definitions:

Demand

The desire of purchasers, consumers, or clients for a particular good or service accompanied by the ability to pay for it.

B₂B Purchasing Process

The series of steps that businesses go through when procuring goods or services from other businesses, including need identification, evaluation, and purchase decision.

Consumer Decision-making Process

The steps that buyers go through in selecting, purchasing, using, and disposing of goods or services.

Shorter

Relative term indicating a lesser length, duration, or extent compared to something else.