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:

Coverture Laws

Historical legal doctrines that provided that a married woman's legal rights and obligations were subsumed by those of her husband, limiting her legal independence.

Women

Adult human females, often discussed in contexts relating to rights, equality, and contributions to society and various fields.

Property And Wages

The legal and economic concepts relating to the ownership of assets and the compensation received by workers for their labor.

Public Sphere

An area in social life where individuals can come together to freely discuss and identify societal problems, and through that discussion influence political action.