What Happens When the Price of a Good or Service

question 120

Multiple Choice

What happens when the price of a good or service changes?

• A) Supply shifts in the opposite direction.
• B) Demand shifts in the opposite direction.
• C) Demand shifts in the same direction.
• D) There is a movement along a stable demand curve.

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Definitions:

Bronchiole

Small airways in the lungs that extend from the bronchi and lead to the alveolar ducts.

Laryngopharynx

The lower part of the pharynx just below the oropharynx, facilitating the passage of food to the esophagus and air to the larynx.

Nasopharynx

The upper part of the throat located behind the nose, connecting the nasal cavity to the mouth and the esophagus.

Oropharynx

The part of the throat that is located at the back of the mouth, serving as a pathway for food and air.