Suppose Lorna Buys More Sweaters Even If the Price of Sweaters

question 178

Multiple Choice

Suppose Lorna buys more sweaters even if the price of sweaters rises.Other things constant,she is acting contrary to the law of _____

• A)equi-marginal utility.
• B)increasing costs.
• C)one price.
• D)diminishing costs.
• E)demand.

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Definitions:

Dignity Culture

A societal framework that emphasizes mutual respect and the inherent value of all individuals, often contrasted with honor or victim cultures.

Horizontal Collectivist

A cultural orientation where individuals see themselves as part of a larger group and emphasize equality and shared goals.

Honor Cultures

Societies where individuals' social standing and self-esteem are strongly connected to their ability to respond assertively to real or perceived insults.

Central Governments

The primary governing authority of a nation or state, responsible for enacting and enforcing laws.