If There Is an Increase in Demand, Assuming a Positively

question 88

Multiple Choice

If there is an increase in demand, assuming a positively sloped supply curve and a negatively sloped demand curve, total surplus:

• A) will increase.
• B) will decrease.
• C) will remain the same.
• D) may change, but we can't tell how.

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Definitions:

Fraud

Intentional deception made for personal gain or to damage another individual.

Duress

A broader term referring to the use of force, threats, or undue pressure by one party to compel another to act in a manner they would not ordinarily do.

Average Strength

Typically refers to the median level of force or power of an entity or substance, measured against a standard or amongst a range.

Fraud

Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.