The Average Demand Curve Slopes Downward Due to All of the Following

question 138

Multiple Choice

The average demand curve slopes downward due to all of the following EXCEPT

• A) the law of increasing relative costs.
• B) the laws of diminishing marginal utility.
• C) the real-income effect.
• D) the principle of substitution.

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Definitions:

Sex Discrimination

Unfair treatment or prejudice based on a person's sex, affecting opportunities, resources, or rights in various spheres of life, including the workplace.

Punitive Damages

Damages exceeding simple compensation and awarded to punish the defendant.

Constitution

The basic rules and long-standing practices through which a state or different institution is ruled.

Drug Testing

The process of chemically analyzing a biological specimen, such as blood, urine, hair, or saliva, to detect the presence of specific drugs or their metabolites.