Suppose We Observe a Fall in the Price of Good

question 160

Multiple Choice

Suppose we observe a fall in the price of good A and a decrease in the quantity of good A bought and sold.Which one of the following is a likely explanation?

• A)The law of demand is violated.
• B)The demand for A decreased.
• C)The demand for A increased.
• D)The supply of A increased.
• E)The supply of A decreased.

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Definitions:

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Waste that contains biological agents or materials that pose a risk to human health or the environment, such as medical waste or infected animal materials.

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A cleansing product containing alcohol, designed to kill bacteria and viruses, often used for hand hygiene in healthcare settings.

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