Suppose That the Price of Flour Used to Produce Bagels

question 17

Multiple Choice

Suppose that the price of flour used to produce bagels increases.Hence the equilibrium price of a bagel ________,and the equilibrium quantity ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases
• E) does not change; does not change

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Definitions:

Terracotta

A type of earthenware clay used in pottery and sculpture, characterized by its brownish-orange color after firing.

Earthenware

Pottery made of clay that is fired at low temperatures and is slightly porous. Also, clay figurines and statues produced in the same manner.

True View Painting

A genre of art particularly associated with Korean landscapes that emphasizes accurately capturing and portraying natural scenery.

Geumgangsan Mountains

A mountain range in North Korea known for its scenic beauty; historically significant in Korean culture and Buddhist practices.