If Price Rises, What Happens to Supply for a Product

question 313

Multiple Choice

If price rises, what happens to supply for 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:

Caffeine

A stimulant found in coffee, tea, chocolate, and certain medications that can enhance alertness and reduce feelings of tiredness.

Glucose

A rudimentary sugar that's crucial for energy in life forms and is a piece of many carbohydrate mixtures.

Oxygen

A chemical element vital for aerobic respiration in living organisms; it is critical for energy production in cells.

Oculomotor Nerve

The third cranial nerve, responsible for controlling most of the eye's movements and the constriction of the pupil.