If the Price of a Good Increases, the Quantity Supplied

question 210

Multiple Choice

If the price of a good increases, the quantity supplied will

• A)increase.
• B)decrease.
• C)not change.
• D)quantity supplied is unchanged, but the supply will increase.

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Definitions:

Kin Selection

An adaptation method where the fecundity of an organism's close relatives is favored, possibly at the detriment of the organism's own existence and procreation.

Natural Selection

A process in biological evolution where organisms with traits better suited to their environment are more likely to survive and reproduce, thereby passing those advantageous traits to the next generation.

Genetic Relation

The biological linkage or connection between individuals, determined by shared genetic material or ancestry.

Collective Guilt

Emotional experience where individuals feel responsible for the actions of a group they identify with, even if they didn't partake in those actions directly.