If We Say That Demand Has Increased, We Mean That

question 179

Multiple Choice

If we say that demand has increased, we mean that there has been

• A)a leftward movement along the demand curve
• B)a rightward movement along the demand curve
• C)a leftward shift of the demand curve
• D)a rightward shift of the demand curve
• E)an increase in the slope of the demand curve

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Definitions:

Ponzi Scheme

A fraudulent investing scam promising high rates of return with little risk by paying earlier investors with the funds from more recent investors.

Bait And Switch

A deceptive marketing practice where customers are lured with the promise of a product or service at a certain price, only to find it unavailable and replaced with a more expensive option.

Account Kiting

The illegal practice of exploiting banking systems to create artificial funds by writing checks between several accounts.

Probable Cause

A standard of reasonable belief, based on facts, that is required to arrest a person, conduct a search, or seize property in legal proceedings.