The Price of a Good Will Tend to Fall When

question 273

Multiple Choice

The price of a good will tend to fall when

• A) there is excess demand for the good.
• B) there is excess supply of the good.
• C) demand for the good increases.
• D) the supply of the good decreases.

---

Definitions:

Felons

Individuals who have been convicted of a felony, which is a serious crime usually punishable by imprisonment for more than one year or by death.

White-Collar

Pertaining to jobs or workers in professions that typically require formal attire and involve office work, as opposed to manual or blue-collar labor.

Violent Street Crime

Criminal activities that occur in public places and involve force or the threat of force, including assault, robbery, and other acts of violence.

Society

A community of people living together in a more or less ordered community, sharing customs, laws, and organizations.