A Change in the Price of a Good Causes

question 142

Multiple Choice

A change in the price of a good causes

• A) an increase in supply.
• B) a decrease in supply.
• C) an increase in demand and a decrease in supply.
• D) a change in quantity supplied.

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Definitions:

Midterm Grade

An evaluative score or letter assigned to a student, reflecting their performance halfway through an academic term.

Horizontal Axis

In a graph or chart, the x-axis, representing the independent variable or the basis of comparison across the chart.

Indifference Curves

A graphical representation showing different combinations of two goods among which a consumer is indifferent.

Avocados

A nutrient-rich fruit characterized by its green, creamy texture and used in various culinary dishes worldwide.