If the Price of a Good Rises Along an Upward-Sloping

question 214

Multiple Choice

If the price of a good rises along an upward-sloping supply curve,then producer surplus:

• A)will increase.
• B)will decrease.
• C)will remain the same.
• D)may change,but we can't tell how.

---

Definitions:

Nonreactive

Describes a state or condition in which an individual or substance does not respond or react to a stimulus or change in the environment.

Excitable

Capable of responding rapidly and intensely to stimuli, often used to describe nerve or muscle cells.

Fearful

Feeling afraid or anxious; the emotional response to perceived threats or danger.

Agitated

A state of nervousness or unrest, often characterized by rapid movement or speaking.