A Decrease in the Price of Eggs, All Other Things

question 164

Multiple Choice

A decrease in the price of eggs, all other things unchanged, will result in a(n) :

• A) increase in the demand for eggs.
• B) increase in the supply of eggs.
• C) greater quantity of eggs supplied.
• D) greater quantity of eggs demanded.

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Definitions:

Federal Budget Surplus

A financial situation where the government's revenue exceeds its expenditures within a fiscal year.

Federal Outlays

Government spending or expenditures, including on services, social security, defense, and interest on debt.

Stock Variable

A measurement at a specific point in time, such as the amount of money in a bank account or stock of goods.

Flow Variable

A variable that is measured over a specific period of time, representing dynamic elements of an economy like income or spending.