Suppose That the Price of Lettuce Used to Produce Tacos

question 206

Multiple Choice

Suppose that the price of lettuce used to produce tacos increases.This change means that the equilibrium price of a taco ________ and the equilibrium quantity ________.

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

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Definitions:

NALA

The National Association of Legal Assistants, a professional organization that provides certification and education for paralegals and legal assistants.

Conflict-of-Interest

A situation in which an individual's personal interests could potentially interfere with their professional duties or responsibilities.

Supervising Attorney

A legal professional responsible for overseeing the work and providing guidance to less experienced attorneys.

NALA's Model Standards

The professional guidelines and ethical standards established by the National Association of Legal Assistants for the paralegal profession.