Four Points on a Demand Schedule Are Given: $12, 2

question 161

Multiple Choice

Four points on a demand schedule are given: $12, 2 units; $10, 1 unit; $15, 1.5 units; and $2, 4 units. Which combination is inconsistent with the law of demand?

• A)$12 and 2 units
• B)$10 and 1 unit
• C)$15 and 1.5 units
• D)$2 and 4 units

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Definitions:

Moral Wrong

An action or behavior that is considered unethical or immoral based on societal norms or personal ethics.

Economic Revolution

A radical change in economic practices, policies, and systems, often resulting in significant shifts in wealth and power structures.

Economic Opportunities

Prospects or avenues for individuals or groups to improve their economic status, often through jobs, investments, or starting businesses.

Religious Persecution

The mistreatment or punishment of individuals or groups because of their religious beliefs, often leading to their displacement, imprisonment, or death.