John Argues That When the Price of a Good Decreases

question 106

Multiple Choice

John argues that when the price of a good decreases, people will purchase less of the good. This statement is

• A) consistent with the law of demand.
• B) inconsistent with the law of demand.
• C) referring to money prices.
• D) consistent with the law of supply.

---

Definitions:

Foetal Stage

The period in human development that begins about nine weeks after fertilization and continues until birth, during which significant growth and development occur.

Prenatal Development

The process of growth and development within the womb, where human beings develop from a single cell to a full-term infant.

Foetal Stage

The developmental period in humans from the ninth week after conception until birth, during which significant growth and organ development occur.

Embryonic Stage

A critical phase in development spanning from conception to the end of the 8th week where major organs and structures start to form in an embryo.