If Total Surplus Rises,there May Have Been A(n)_____ in Demand

question 143

Multiple Choice

If total surplus rises,there may have been a(n) _____ in demand or a(n) _____ in supply.

• A)increase;decrease
• B)increase;increase
• C)decrease;decrease
• D)decrease;increase

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Definitions:

Socially Preferable

The characterization of products, practices, or behaviors that are considered favorable or advantageous by society based on ethical, cultural, or social norms.

Behavior

The actions, reactions, or functioning of an individual, group, or system in response to external or internal stimuli.

U.S. Government

The federal government of the United States, consisting of three branches: executive, legislative, and judicial, established to govern the country.

Customers

Individuals or businesses that purchase goods or services from a company.