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31 0f 50 The law of demand is based on the concept that 0 people buy less of a product when their preferences change. 0 people buy more of a product when the price falls. 0 people are indifferent to price changes. 0 stores go out of business if they lower prices. 32 0f 50 The quantity supplied is the amount of a good or service that O households are willing to consume at each particular price. 0 rms will actually end up buying at a particular price during a given time period. 0 rms are willing to sell at each price during a particular time period. 0 households want rms to sell at each price during a particular time period. 33 0f 50 Gross Domestic Product (GDP) was created during the Great Depression, by Simon Kuznets, as a way to 0 determine what caused the Great Depression. 0 measure the size ofthe economy. 0 show where President Franklin D. Roosevelt failed. 0 understand why the standard of living in the United States was less than that of Europe. 34 0f 50 The categories of the Consumer Price Index (CPI) include ALL of the following except: 0 Food 0 Housing 0 Technology 0 Apparel