Ceteris Paribus, Which of the Following Will a Decrease in the Price

question 14

Multiple Choice

Ceteris paribus, which of the following will a decrease in the price of a good cause?

• A) the quantity supplied of the good to increase
• B) the supply of the good to decrease
• C) the consumer surplus derived from the good to increase
• D) the quantity demanded of the good to decrease

---

Definitions:

Ceramics

Materials made by heating and cooling natural clay or compounds to develop hard, durable items such as tiles, pottery, and sculptures.

Scatterplot

A graph that displays data points based on two variables, showcasing any potential relationship or pattern between them.

Association

A relationship or connection between two or more entities, variables, or concepts, indicating that they may affect or be related to each other in some way.

Exponential

Referring to a mathematical function or growth characterized by an increasing rate as the value of the variable increases.