Assuming Supply Is Held Constant, an Increase in Demand for a Product

question 42

True/False

Assuming supply is held constant, an increase in demand for a product will cause a decrease in the market price and the amount bought and sold.

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Definitions:

Carnivores

Organisms that primarily feed on flesh from other animals.

Herbivores

Organisms that primarily eat plants and vegetation.

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.

Autotrophs

Organisms that can produce their own food from inorganic substances using light (photosynthesis) or chemical energy (chemosynthesis).