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:

Gymnosperms

Gymnosperms are a group of seed-producing plants that includes conifers, cycads, ginkgo, and gnetophytes, characterized by seeds that are not enclosed by a fruit.

Angiosperms

A group of plants that have flowers and produce seeds enclosed within a carpel; the largest group of living plants.

Celery Stalks

The long, fibrous, edible portions of the celery plant, commonly consumed as a vegetable or used in cooking for their flavor.

Vegetable

a plant or part of a plant used as food, typically excluding fruits, seeds, nuts, and sweet or savory plant products that are considered culinary fruits, grains, or spices.