When the Price of a Good Rises,the Price Is Transmitting

question 96

Multiple Choice

When the price of a good rises,the price is transmitting information indicating that the good is relatively

• A) scarcer.
• B) less scarce.
• C) more plentiful in supply.
• D) b and c

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Definitions:

Lead

A heavy metal element with the symbol Pb and atomic number 82, known for its density, malleability, and resistance to corrosion.

Calcium

A chemical element, symbol Ca, atomic number 20, a soft gray alkaline earth metal, essential for living organisms, primarily in bones and teeth.

Metalloids

Elements with properties in between metals and non-metals, such as silicon and germanium, often used in semiconductors.