A Simple Supply Curve Shows That an Increase in the Price

question 42

Multiple Choice

A simple supply curve shows that an increase in the price of a good will cause the quantity supplied to

• A) decrease.
• B) increase.
• C) remain constant.
• D) fluctuate randomly around its equilibrium value.

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Definitions:

Java Statement

A line of code that performs a specific action in a Java program, such as declaring a variable or invoking a method.

Resize

The process of changing the size of an array or collection dynamically, often to accommodate more or fewer elements than it currently holds.

Optional

A container object used to contain not-null objects, providing a means to express optional values in Java.

Interface

An interface in programming defines a contract or a set of methods that can be implemented by a class.