We Observe That the Price of Food Rises and the Quantity

question 107

Multiple Choice

We observe that the price of food rises and the quantity purchased also rises.This means the

• A)supply curve shifted to the left.
• B)demand curve shifted to the right.
• C)demand curve shifted to the left.
• D)supply curve shifted to the right.

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Definitions:

Acquisitive Model

A theory in public administration that suggests bureaucracies and governmental agencies are primarily motivated by the desire to expand their budgets and staff, increasing their power.

Budget

An estimate of income and expenditure for a set period of time, often used by governments to plan economic policies.

Federal Government

The system of government in which power is divided between a central authority and constituent political units (such as states or provinces), with the United States government being a prime example.

Cabinet Departments

Major administrative units within the executive branch of the U.S. government, each headed by a Secretary, responsible for a specific area of government policy.