If the Price of a Good Rises, Supply Will

question 263

Multiple Choice

If the price of a good rises, supply will

• A)increase.
• B)decrease.
• C)not change.
• D)the answer depends upon the demand in the market.

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Definitions:

FDA

The Food and Drug Administration is a federal agency of the United States Department of Health and Human Services, responsible for protecting public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of the nation's food supply, cosmetics, and products that emit radiation.

Manufacture

The process of making products on a large scale using machinery.

Distribution

The process of making a product or service available for the consumer or business user that needs it.

Physicians' Desk Reference

A comprehensive book containing information about prescription drugs, designed for health professionals to aid in prescribing medications.