A Decrease in the Price of Spaghetti Is Likely to Cause

question 92

Multiple Choice

A decrease in the price of spaghetti is likely to cause:

• A) a movement to the right along the demand curve for spaghetti.
• B) an inward shift of the demand curve for spaghetti.
• C) an outward shift of the demand curve for spaghetti.
• D) a movement to the left along the demand curve for spaghetti.

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Definitions:

Utilitarianism

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical Dilemmas

Ethical Dilemmas are situations in which a person has to choose between two options, neither of which resolves the situation in an ethically acceptable manner.

Clear-Cut

Something that is easily understood or determined; unambiguous and straightforward.

Principle of Justice

A fundamental ethical principle focusing on fairness, equality, and moral rectitude in the treatment of individuals within a society.