Which of the Following Would Cause Price to Decrease

question 59

Multiple Choice

Which of the following would cause price to decrease?

• A)a decrease in supply
• B)an increase in demand
• C)a surplus of the good
• D)a shortage of the good

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Definitions:

Core Nations

Countries that dominate the global economy and international trade, possessing advanced technological infrastructures and high levels of productivity.

Semiperipheral Nations

Countries in the world-system that are intermediate, neither fully developed nor least developed, often marked by moderate levels of industrialization and average per capita incomes.

Peripheral Nations

Countries that are less economically developed and often depend on core nations for capital and are exploited for labor and raw materials.

Globalization

Increased economic, political, and social interconnectedness and interdependence among societies in the world.