We Observed That the Price of a Good Rises and the Quantity

question 76

Multiple Choice

We observed that the price of a good rises and the quantity purchased also rises.Everything else being equal, it is consistent that

• A)the price of a substitute good fell.
• B)the price of a complement rose.
• C)income rose.
• D)costs of inputs increased.

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Definitions:

Genetic Mutations

Changes in the DNA sequence of an organism's genome, which can lead to variations within species.

Wild Cabbage

The ancestral form of cabbage (Brassica oleracea), a leafy green, red, or white biennial plant, grown as an agricultural crop for its dense-leaved heads.

Artificial Selection

The process by which humans breed plants and animals for particular genetic traits, often leading to dramatic changes in morphology, physiology, and behavior over relatively short time periods.

Brassica Oleracea

A species of plant that includes a variety of vegetables, such as cabbage, broccoli, cauliflower, kale, and Brussels sprouts, due to selective breeding.