The Inverse Relationship Between Quantity Demanded and Price of a Good

question 305

Multiple Choice

The inverse relationship between quantity demanded and price of a good or service can be explained, in part, by

• A) a shift in the demand curve.
• B) diminishing marginal utility only.
• C) diminishing marginal utility and the rule of equal marginal utilities per dollar.
• D) the real income effect.

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Definitions:

Maccoby and Jacklin

Researchers known for their work on sex differences in psychology, concluding there are actual differences in certain cognitive and social behaviors between males and females.

Gender Differences

Variations in the characteristics, behavior, physical and mental attributes, and roles traditionally associated with males and females.

Mathematical Abilities

The capacity to understand, manipulate, and solve mathematical problems.

Junior High-Aged Females

Refers to young women who are typically in the age range of 12 to 15 years, attending middle or junior high school.