An Increase in Product Price Will Cause

question 187

Multiple Choice

An increase in product price will cause:

• A)quantity demanded to decrease.
• B)quantity supplied to decrease.
• C)quantity demanded to increase.
• D)the supply curve to shift to the right.

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Definitions:

Lingual Frenulum

The lingual frenulum is a small fold of mucous membrane that extends from the floor of the mouth to the midline of the underside of the tongue, aiding in the movement of the tongue.

Oral Cavity

The mouth, an opening in the body equipped with teeth, tongue, and glands, acting as the entry point for food and air.

Tongue

A muscular organ in the mouth of most vertebrates that manipulates food for chewing and swallowing and is used in the act of speech.

Gallbladder

A small, pear-shaped organ located beneath the liver, storing and concentrating bile produced by the liver before it is released into the small intestine.