Suppose We Observe a Fall in the Price of Good

question 167

Multiple Choice

Suppose we observe a fall in the price of good A and a decrease in the quantity of good A bought and sold.Which one of the following is a likely explanation?

• A)The law of demand is violated.
• B)The supply of A decreased.
• C)The supply of A increased.
• D)The demand for A increased.
• E)The demand for A decreased.

---

Definitions:

Vestibule

A small entrance hall or antechamber leading to the main interior of a building or structure.

Equilibrium Receptors

Sensory receptors located mainly in the inner ear that help maintain balance by detecting changes in head position.

Ear Ossicles

The three small bones in the middle ear (malleus, incus, and stapes) that transmit sound vibrations from the eardrum to the inner ear.

Tympanic Membrane

Also known as the eardrum, it's a thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.