Other Things Equal, What Happens When the Price of a Good

question 195

Multiple Choice

Other things equal, what happens when the price of a good rises?

• A) The quantity demanded of the good increases.
• B) The supply increases.
• C) The quantity supplied of the good rises.
• D) The demand curve shifts to the left.

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Definitions:

Defamation

A false and harmful statement about someone that damages their reputation, which can be categorized as libel (written) or slander (spoken).

First Amendment

A change to the U.S. Constitution that safeguards rights related to religious practice, speech, gathering, and petitioning the government.

Nonserious Interference

Minimal or insignificant disruption that does not constitute a legal nuisance or cause substantial harm to another's property rights.

Conversion

Conversion, in legal terms, refers to an act of wrongfully taking, using, or retaining possession of personal property belonging to another without permission.