The Market Price of Apples Is Currently Rising

question 91

Multiple Choice

The market price of apples is currently rising.In a free-market economy,the most likely explanation of this price change is that:

• A)there is a shortage in the market for apples.
• B)the supply of money has decreased.
• C)the equilibrium price is lower than the market price.
• D)the government has decided to set a higher price so that the firms in the market make an adequate profit.

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Definitions:

Designer Cookware

High-quality cooking utensils and equipment designed with a focus on aesthetics, functionality, and premium materials.

Positioning

The strategy of placing a brand or product in a particular market segment to distinguish it from competitors, aimed at creating a unique impression in the minds of consumers.

BBQ Restaurant

A dining establishment specializing in barbecue-style cuisine, known for grilling or smoking meats.

Sports Bar

A type of establishment that combines a bar with a sports theme, typically broadcasting sporting events for patrons.