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As Price Rises from $22 to $26, Quantity Supplied Rises

question 152

Multiple Choice

As price rises from $22 to $26, quantity supplied rises from 100 to 110 units and quantity demanded falls from 90 units to 65 units. It follows that supply is __________ and demand is __________.


Definitions:

Transparent Window

A clear section of material that allows light to pass through, making objects or environments on the opposite side visible.

Envelopes

Paper or plastic enclosures used for sending letters, documents, or other items, sealed at one end with an opening at the other.

Watermark

A recognizable image or pattern in paper or digital form that appears as various shades of lightness/darkness, used to identify authenticity and prevent counterfeiting.

Photo-sensitive Mark

A type of indicator or feature on an object that changes its appearance in response to light exposure.

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