If We Observe a Rise in the Equilibrium Price of Good

question 90

Multiple Choice

If we observe a rise in the equilibrium price of good A,we know that either the demand for A has

• A)increased or the supply of A has decreased or both.
• B)increased or the supply of A has increased or both.
• C)decreased or the supply of A has increased or both.
• D)decreased or the supply of A has decreased or both.
• E)none of the above.

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Definitions:

Body Mass

A measure of a person's weight in relation to their height, commonly used to assess if they are underweight, normal weight, overweight, or obese.

Overweight

A condition characterized by weighing more than what is considered normal or healthy for a certain height.

Diabetes

A chronic health condition where the body's ability to process blood glucose, commonly referred to as blood sugar, is impaired.

Drive

An internal motivational state that compels individuals towards certain actions or goals.