When the Demand for a Good Increases and the Supply

question 44

Multiple Choice

When the demand for a good increases and the supply of the good remains unchanged, consumer surplus

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase, decrease, or remain unchanged.

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Definitions:

Services

Intangible products delivered directly from a provider to an end user to fulfill a need or provide a solution without the transfer of physical goods.

Organizational Reach

The extent to which an organization can project its influence or services over geographic areas and operational domains.

Inventory ID Code

A unique identifier, often in the form of a barcode or RFID tag, used to track and manage individual items in an inventory.

Warehouse

A large building where goods are stored before they are distributed, sold, or used.