Changes in Population Can

question 13

Multiple Choice

Changes in population can

• A) alter the supply of a good or service in an area.
• B) shift the supply curve of a good or service in an area.
• C) cause the price of a good or service to increase in an area but cannot cause the price to decrease.
• D) cause the price of a good or service to decrease in an area but cannot cause the price to increase.
• E) shift the demand curve of a good or service in an area.

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Definitions:

Liability Coverage

Insurance protection against claims resulting from injuries and damage to people and/or property.

Insured

A person or entity covered under an insurance policy to receive compensation for losses or damages.

Insurable Interest

The stake in the value of an item, life, or event for which an insurance policy is purchased to mitigate the risk of loss.

Creditor

An individual or entity to whom money is owed by a debtor.