An Increase in Demand Will Cause the Equilibrium Price and Quantity

question 53

True/False

An increase in demand will cause the equilibrium price and quantity to rise.

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Definitions:

Artificial Sweetener

Substances used to sweeten foods and beverages without the caloric content of sugar, often synthetically produced.

Teratogen

Any agent or substance that can cause malformation or gross structural abnormalities in a developing embryo or fetus.

Fetus

A developing mammal or human inside the womb from the end of the embryonic stage until birth.

Developmental Process

The sequence of biological, cognitive, and socioemotional changes that humans undergo from birth throughout their lives.