When the Price of a Good Increases, It

question 87

Multiple Choice

When the price of a good increases, it

• A)leads suppliers to place few goods on the market.
• B)the demand for the good shifts.
• C)leads consumers to want to buy more or less than before at a given price.
• D)a movement down along the demand curve will occur.

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Definitions:

Total Revenue

The total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.

Quantity Sold

The total number of units of a product sold during a specific period, often used to measure business performance.

Target Return

A financial goal set for the profit or outcome from an investment or business activity.

Average Invested Capital

The mean amount of money invested in a company or project over a certain period, used to compute return on investment.