Which of These Is a Likely Consequence of an Increase

question 67

Multiple Choice

Which of these is a likely consequence of an increase in the price level in the economy,other things constant?

• A)Firms demanding less imported raw materials
• B)Government demanding less military hardware
• C)Foreigners demanding greater amount of U.S.goods
• D)Households demanding more housing and furniture
• E)Firms demanding more capital resources

---

Definitions:

Units

Refers to a measurement or quantity of something, often used in the context of production, sales, or inventory in various industries.

Utility Function

A function that reflects the satisfaction or utility a consumer derives from consuming goods or services.

Budget Constraint

A constraint on the combinations of goods a consumer is able to purchase, determined by their income level and the costs of these items.

Income

The income earned from labor or investments, often received periodically.