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:

Correspondence

The act of communication by exchanging letters, emails, or other forms of messages.

Chronological

Organized or occurring in order of time of occurrence, often used in timelines, histories, and narratives to show sequence.

Cause-and-effect

A relationship where one event (the cause) leads directly to another event (the effect).

Problem-solution

A method of organizing information or arguments that first identifies a problem and then proposes one or more solutions for it.