Refer to the Table,which Shows the Number of MP3 Downloads

question 49

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Price } & \begin{array} { l } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 0 & 1,000 \\\hline \$ 1 & 400 \\\hline \$ 2 & 200 \\\hline \$ 3 & 100 \\\hline \$ 4 & 25 \\\hline\end{array}$$ Refer to the table,which shows the number of MP3 downloads demanded per month for the students at a certain university.Does this demand schedule conform to the law of demand?

• A) Yes, because as the price falls, the quantity demanded rises.
• B) Yes, because as the price falls, the quantity demanded also falls.
• C) No, because there appears to be no relationship between price and quantity demanded.
• D) No, because the demand for most goods does not follow the law of demand.

Comprehend the concept of diminishing returns and its implication for economic activities.

Understand why achieving perfection in provision of goods and services (e.g., safety) is not always efficient.

Understand the principle of economic efficiency as a criterion for evaluating economic actions.

Analyze the consequences of actions that have greater costs than benefits on society's welfare.

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Definitions:

Predictive Value

The extent to which a test can accurately predict the presence or future occurrence of a condition or disease.

Ethnic Groups

Communities or populations sharing common cultural traits, ancestry, language, history, society, and, in most cases, geography.

Health Belief Model

A psychological model that predicts health-related behaviors by focusing on the attitudes and beliefs of individuals.

Common Criticism

A frequently expressed disapproval or negative judgment shared by many.