Quantity Supplied Increases When the Price of a Good Increases

question 281

Multiple Choice

Quantity supplied increases when the price of a good increases because

• A)producers find it more profitable to make the item.
• B)potential buyers "drop out" of the market, so the good becomes more abundant.
• C)as demand decreases with a high price, surpluses appear.
• D)All of these responses are correct.

---

Definitions:

Sensory Threshold

The minimum level of stimulus intensity required for a sense organ to detect a stimulus, marking the boundary between absence and presence of a sensation.

Working Memory

The cognitive system that holds information temporarily available for processing tasks such as problem-solving and planning.

Input Level

The degree or extent of resources, information, or material provided or required at the start of a process.