Which of the Following Is True of a Market Demand

question 34

Multiple Choice

Which of the following is true of a market demand curve?

• A)It might slope upward if the typical consumer has an upward-sloping individual demand curve.
• B)It can never slope upward.
• C)It will slope upward if at least one consumer has an upward-sloping individual demand curve.
• D)It will slope upward if individual demand curves are inelastic.

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Definitions:

Different Sense

The ability to interpret and distinguish diverse types of sensory information, such as visual, auditory, and tactile stimuli.

Impulsive

Impulsive pertains to actions or behaviors initiated without forethought or consideration of the consequences.

Ventromedial Prefrontal Cortex

A region of the frontal lobe in the brain implicated in the processing of risk and fear, decision-making, and the regulation of emotions.

Nucleus Accumbens

A region in the brain associated with the reward circuit, critical in processing rewards, motivation, pleasure, and reinforcement learning.