With an Increase in the Demand for a Good,if Prices

question 244

Multiple Choice

With an increase in the demand for a good,if prices are not allowed to increase,________.

• A) social surplus will be maintained at maximum
• B) firms will have no incentive to increase the quantity supplied of the good
• C) a surplus will occur in the market
• D) overall efficiency will increase in the market

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Definitions:

Facial Expressions

Visible manifestations of emotions, intentions, or social communications through movements of the facial muscles.

Temporal Lobe

A region of the cerebral cortex associated with processing auditory information as well as with the encoding of memory, situated beneath the lateral fissure on both cerebral hemispheres.

Somatosensory Cortex

A region of the brain responsible for processing sensory information from various parts of the body, such as touch, temperature, and pain.

Temporal Lobe

The temporal lobe is a region of the cerebral cortex responsible for processing auditory information and encoding memory.