If Interest Rates Go Up for a Given Product,quantity Demanded

question 48

Multiple Choice

If interest rates go up for a given product,quantity demanded will

• A) remain unchanged.
• B) decrease.
• C) increase.
• D) be affected by a shift of the demand curve to the right.

---

Definitions:

Discriminate

To differentiate or make distinctions between individuals or groups often based on prejudice or unjust grounds such as race, sex, or age.

Caste System

A traditional form of social stratification characterized by hereditary transmission of lifestyle, occupation, and social status.

Slavery

A system in which individuals are owned by others, denied freedom, and forced to work without any form of compensation.

Digest

To break down information for easier understanding or to convert food into absorbable substances in the body.