A Decrease in Demand Would Be Represented by

question 53

Multiple Choice

A decrease in demand would be represented by

• A)the price of a good going from $3 to $4.
• B)an increase in the cost of resources used to produce the good.
• C)a movement along the demand curve.
• D)a shift of the demand curve to the left.

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Definitions:

Neocortex

The part of the brain involved in higher-order brain functions such as sensory perception, cognition, generation of motor commands, spatial reasoning, and conscious thought.

Levels-Of-Processing

A theory in cognitive psychology suggesting that deeper levels of analysis produce more enduring memory.

Memory

The ability of the mind to retain and recall information.

Frog

An amphibian creature with long hind legs for leaping, smooth skin, and typically lives both in water and on land.