The potential rewards that are available to an individual if a particular activity is undertaken are known as
A) premiums.
B) gifts.
C) incentives.
D) intrinsic values.
Question 2
A market demand schedule for a product indicates that
A) as the product's price falls, consumers buy less of the good.
B) there is a positive relationship between price and quantity demanded.
C) as a product's price rises, consumers buy more of the good.
D) there is a negative relationship between price and quantity demanded.
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