A Typical Supply Curve Shows That an Increase in the Price

question 17

Multiple Choice

A typical supply curve shows that an increase in the price of a good will cause the quantity supplied to:

• A)remain constant.
• B)fluctuate randomly around its equilibrium value.
• C)increase.
• D)decrease.

---

Definitions:

Buddhism

A major world religion founded in the 5th century BCE by Siddhartha Gautama, focusing on the elimination of suffering through ethical living, meditation, and insight.

Tang Dynasty

An imperial dynasty of China (618-907 AD) renowned for its artistic, cultural, and intellectual advancements, and considered a high point in Chinese civilization.

Bodhisattva

In Buddhist thought, a potential Buddha who chooses not to achieve enlightenment in order to help save humanity.

Buddhism Introduction

The spread of Buddhism into various regions around the globe, beginning in the 6th century BCE, which introduced the teachings of Siddhartha Gautama, emphasizing enlightenment and the middle path.