If Consumers Are Less Willing and Able to Pay for Each

question 100

Multiple Choice

If consumers are less willing and able to pay for each level of output than they were previously, then apparently:

• A)demand has increased.
• B)supply has increased.
• C)demand has decreased.
• D)there has been a movement down along the demand curve.
• E)there has been a movement up along the demand curve.

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Definitions:

Liberty

Enjoying a lifestyle in society not dictated by oppressive rules from authorities on how one should behave, live, or think politically.

Eighteenth-Century

The period from 1701 to 1800, marking the 18th century in the Gregorian calendar.

Liberalism

A political and moral philosophy that emphasizes individual freedom, democracy, and equal rights, advocating for government policies that protect personal liberties.

Checks and Balances

A foundational principle in the constitution of many democratic countries, designed to ensure that no single branch of government becomes too powerful, by providing each branch with powers to check the others.