If the Demand for Pineapples Increases

question 3

Multiple Choice

If the demand for pineapples increases:

• A) the price of pineapples increases
• B) the price of pineapples decreases
• C) the price of pineapples stays the same
• D) the quantity of pineapples decreases

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Definitions:

Best Combination

The optimal mix of goods or strategies that maximizes satisfaction or utility given constraints like budget or resources.

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods and services.

Production Levels

The quantity of goods or services that a company produces within a given period.

Marginal Cost Curve

A graphical representation illustrating the change in total cost that arises when the quantity produced changes by one unit.