The Price of a Good Will Tend to Fall When

question 273

Multiple Choice

The price of a good will tend to fall when

• A) there is excess demand for the good.
• B) there is excess supply of the good.
• C) demand for the good increases.
• D) the supply of the good decreases.

---

Definitions:

Cache Memory

A small, faster type of volatile computer memory that provides high-speed data access to a processor and stores frequently used computer programs, applications, and data.

RAM

Random Access Memory, a form of computer memory that can be read and changed in any order, typically used to store working data and machine code.

ROM

Read-Only Memory, a type of non-volatile storage medium that is programmed with permanent data and instructions that cannot be modified.

Secondary Storage Medium

Non-volatile storage that is not directly accessible by the computer's CPU, such as hard drives, SSDs, or magnetic tape.