Which of the Following Will Result in an Increased Price

question 217

Multiple Choice

Which of the following will result in an increased price of milk?

• A) A shift to the right of the supply curve for milk.
• B) A shift to the right of the demand curve for milk.
• C) An increase in the number of milk suppliers.
• D) A decrease in the number of milk buyers.

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Definitions:

Sources

The origins or locations from which something is obtained.

Effective Rate

The actual interest rate that a borrower pays on a loan or receives on an investment, taking into account the compounding of interest.

Interest

Interest is the cost of using someone else's money or the return on invested capital, typically expressed as an annual percentage rate.

Lenders

Individuals or institutions that provide funds to borrowers under the condition of receiving back the principal amount plus interest.