A Fall in the Price of a Good Causes Producers

question 9

Multiple Choice

A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates

• A)a change in supply.
• B)the law of supply.
• C)the law of demand.
• D)the nature of an inferior good.

---

Definitions:

Criminality

A behavior or actions that violate the laws set by a community, state, or country, resulting in the commission of a crime.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Demanding

Requiring much time, attention, or effort; often refers to tasks, situations, or individuals that impose heavy obligations or exert pressure.

Responsive

The quality of reacting quickly and positively to stimuli or input from the environment.