Which of the Following Is NOT True of a Demand

question 167

Multiple Choice

Which of the following is NOT true of a demand curve?

• A) It has a negative slope.
• B) It shows the amount consumers are willing and able to purchase at various prices,holding other factors constant.
• C) It relates the price of an item to the quantity demanded of that item.
• D) It relates the price of an item to the supply for that item.
• E) It shows that consumers tend to purchase less of a good as its price rises.

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Definitions:

Projective Techniques

Psychological assessment tools that use ambiguous stimuli to elicit responses that are thought to reveal hidden aspects of an individual's personality.

Personal Needs

Basic requirements for individual well-being, such as food, water, safety, as well as psychological longings like love, esteem, and self-actualization.

Ambiguous Stimulus

A sensory input that lacks clear, definitive features, making its interpretation subject to individual perception or context.

Validity

The extent to which an assessment device measures what it is intended to measure.