If the Price of a Good Rises, Then Moving Along

question 113

Multiple Choice

If the price of a good rises, then moving along a demand curve the percentage change in the quantity demanded will be

• A) undefined.
• B) zero.
• C) positive.
• D) negative.
• E) either positive, negative or zero depending on how the demand curve shifted.

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Definitions:

Stakeholder Groups

Collections of individuals or organizations that have an interest, right, or ownership in a company and can affect or be affected by the business' actions.

Organization's Mistakes

Errors or miscalculations made by a business or an entity that can lead to setbacks or challenges but also offer opportunities for learning and improvement.

Probability of Effect

The likelihood that a specific outcome or impact will occur as a result of a certain action or event.

Harm

Physical injury or damage to someone's health or well-being, or the potential to cause such effects.