If Suppliers Expect an Increase in Price, They Will Reduce

question 65

True/False

If suppliers expect an increase in price, they will reduce the current supply of a good.

---

Definitions:

Substrate Level Phosphorylation

A metabolic process where a phosphate group is directly transferred from a substrate to ADP, forming ATP, occurring in glycolysis and the Krebs cycle.

Phosphate Group

A functional group consisting of a phosphorus atom bonded to four oxygen atoms, important in energy transfer.

ATP

Adenosine Triphosphate, a molecule that stores and transfers energy within cells.

Aerobic Respiration

A metabolic process in which cells break down glucose and other molecules in the presence of oxygen to produce energy, carbon dioxide, and water.