We Observe a Market Where the Price Has Risen and the Quantity

question 74

Multiple Choice

We observe a market where the price has risen and the quantity being sold has declined.This could be caused by a(n) :

• A)increase in demand.
• B)increase in supply.
• C)decrease in demand.
• D)decrease in supply.

---

Definitions:

Diagnosis

The identification of the nature and cause of an illness or other problem through examination of the symptoms.

Prevention

The action of stopping something from happening or arising.

Mind

A person's component that facilitates their understanding of the environment and personal experiences, their capacity to think, and their ability to have feelings; it's the part responsible for awareness and cognitive processes.

Stanford-Binet

An intelligence test designed to measure human intelligence across five factors: fluid reasoning, knowledge, quantitative reasoning, visual-spatial processing, and working memory.