Question 9 of 10 Read the passage and then answer the question:
A business has been researching sales data on its latest product. The data
show that the product's sales dropped soon after its price rose earlier in the
year. The business decides to lower the price, hoping to attract more
customers.
The situation described in the passage most reflects the impact of which
concept?
A. The income effect
B. The law of demand
C. The law of supply
D. The substitution effect

1. which of the following best explains why president roosevelt proposed his 1937 “court-packing” plan? a. he argued that more juries were necessary to hear challenges to the new deal. b. he wanted to add to the supreme court more justices who supported the new deal. c. he argued that the supreme court lacked the authority to overturn new deal programs. 2. the federal deposit insurance corporation (fdic) was created primarily to address which problem? think of where deposits are made. a. the widespread bank failures that resulted from bank runs b. the freezing of credit that resulted from high unemployment c. the increase in personal debt that resulted from rising food prices