Suppose It Is Observed in a Market That Price Has

question 152

Multiple Choice

Suppose it is observed in a market that price has fallen but more product is being produced and sold. This could be caused by a(n)

• A)decrease in supply and demand.
• B)decrease in demand.
• C)decrease in supply.
• D)increase in supply.
• E)increase in demand.

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Definitions:

Diamond

The hardest naturally occurring mineral, commonly used as a gemstone and industrial abrasive.

Graphite

A soft, black, greasy-feeling carbon mineral.

Negative Charge

An electrical charge that results from an excess of electrons, giving the particle or object a net negative electric charge.

Electrons

Negatively charged subatomic particles that orbit an atom's nucleus, playing a key role in chemical reactions and electricity.