Suppose That the Market for Salad Dressing Is in Equilibrium

question 30

Multiple Choice

Suppose that the market for salad dressing is in equilibrium.Then the price of lettuce rises.What will happen?

• A)The price of salad dressing will rise.
• B)The supply of salad dressing will decrease.
• C)The demand for salad dressing will decrease.
• D)The quantity demanded of salad dressing will increase.

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Definitions:

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor.

Constructive Notice

Legal concept indicating that a person should have known a fact because it was publicly available or recorded, even if they had no actual knowledge of it.

Collateral

An asset offered to secure a loan or other credit and subject to seizure on default.

Investment Property

Real estate property that is purchased with the intention of earning a return on investment through rental income, the future resale of the property, or both.