There Are Three Consumers in the Market for Playing Cards

question 21

Multiple Choice

There are three consumers in the market for playing cards: Don,John,and Ron.At a price of $2 per pack,the quantities demanded by each are 3 packs,2 packs,and 1 pack,respectively.At a price of $1.50 per pack,the quantities demanded by each are 4 packs,5 packs,and 3 packs,respectively.Which of the following is true?

• A)The market demand curve for playing cards does not follow the law of demand.
• B)The decrease in price causes the quantity demanded in this market to increase by 6 packs.
• C)The price decrease causes Don's demand curve to shift more than that of John and Ron.
• D)At a price of $1 per pack,the quantity demanded in this market must be 20 packs.
• E)Don's behavior does not follow the law of demand.

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Definitions:

Passive Euthanasia

Allowing a person to die by withholding or withdrawing life-sustaining treatments, rather than actively causing death.

Active Euthanasia

The deliberate action taken to end the life of a patient suffering from an incurable and painful condition at their request.

Durable Power

This term is usually associated with "Durable Power of Attorney," a legal document allowing one person to make decisions on behalf of another, especially in health matters.

Living Will

A legal document stating an individual's preferences regarding medical treatment in situations where they are unable to communicate their decisions.