When There Is an Increase in Quantity Supplied

question 62

Multiple Choice

When there is an increase in quantity supplied,

• A)producers are forced to supply more by government mandate.
• B)producers are displaying a decreased willingness to produce because price has risen.
• C)technology must have improved.
• D)there must have been an increase in output price, ceteris paribus.
• E)consumers are unlikely to buy the additional product.

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Definitions:

Harm Reduction

Harm reduction is a set of practical strategies and ideas aimed at minimizing negative health, social, and legal impacts associated with various human behaviors, both legal and illegal.

Predisposed

Having a tendency or inclination towards a particular condition, behavior, or attitude, often due to genetic or environmental factors.

Alcoholism

A long-lasting illness defined by an inability to control alcohol intake and a constant obsession with alcohol.

Sons of Alcoholics

Individuals who have at least one parent with alcoholism, potentially impacting their psychological and emotional development.