The Price of a Good Will Fall If

question 40

Multiple Choice

The price of a good will fall if

• A)demand for the good increases.
• B)supply of the good remains constant.
• C)supply of the good decreases.
• D)supply of the good increases.
• E)demand for the good remains constant.

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Definitions:

Punishment

A consequence or penalty given in response to an undesired behavior, intended to decrease that behavior's occurrence.

Paycheck

The method by which employees receive wages or salary from their employer, typically in the form of a paper check or direct deposit.

Machine Cost

The expenses incurred in the operation and maintenance of a machine, including purchase price, installation, repairs, and running expenses.

A-B-C Analysis

A-B-C Analysis is a psychological approach that helps to understand the Antecedents, Behaviors, and Consequences of an action or event, commonly used in behavior modification.