Suppose We Observe a Rise in the Price of Good

question 89

Multiple Choice

Suppose we observe a rise in the price of good A and a decrease in the quantity of good A bought and sold.Which one of the following is a likely explanation?

• A)The law of supply is violated.
• B)The demand for A decreased.
• C)The demand for A increased.
• D)The supply of A increased.
• E)The supply of A decreased.

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Definitions:

Managers

Individuals responsible for planning, leading, organizing, and controlling the operations within an organization to achieve its objectives.

Subordinates

Employees or team members who are lower in rank or position and are under the direction of a manager or supervisor.

Stressors

External pressures or stimuli that can cause stress, affecting an individual's emotional and physical well-being.

Unpleasant Life Events

Events or occurrences in one's life that cause distress, discomfort, or unhappiness.