If the Price of a Commodity Increases as the Result

question 193

Multiple Choice

If the price of a commodity increases as the result of increased demand, you would expect the:

• A) supply to increase.
• B) quantity supplied to increase.
• C) quantity supplied to decrease.
• D) supply curve to shift to the right.

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Definitions:

Low Cost

An approach or strategy that minimizes financial expenditure.

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Structured meetings between a client and a counselor aimed at addressing mental health, emotional, or life challenges through dialogue, advice, and therapeutic techniques.