If Price Rises, What Happens to Supply of a Product

question 344

Multiple Choice

If price rises, what happens to supply of a product?

• A) It increases.
• B) It decreases.
• C) It does not change.
• D) Uncertain--economic theory has no answer to this question.

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Definitions:

Neuron

A specialized cell in the nervous system that accumulates and transmits information.

Transducer Cell

is a type of cell that converts one form of energy into another, fundamental in sensory systems.

Cell Body

The portion of the neuron containing the metabolic machinery that keeps the cell alive and functional.

Metabolic Function

The complex biochemical processes occurring within a living organism or cell to maintain life, including energy production, growth, and elimination of waste.