If, for Any Given Amount of a Good or Service

question 55

Multiple Choice

If, for any given amount of a good or service, willingness to pay increases, then:

• A) supply has increased.
• B) supply has decreased.
• C) demand has increased.
• D) demand has decreased.

---

Definitions:

Discrimination

Unfair or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Profitable

A state or condition of yielding a financial profit or gain; it is often considered after all expenses have been deducted.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen.

Leisure

Free time when individuals are not working, which can be used for rest, recreation, or personal activities.