Ceteris Paribus, an Increase in the Price of a Good

question 66

Multiple Choice

Ceteris paribus, an increase in the price of a good will cause the

• A) quantity demanded of the good to increase.
• B) quantity supplied of the good to decrease.
• C) producer surplus derived from the good to increase.
• D) supply of the good to decrease.

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Definitions:

Sucrose

A sweet substance made from glucose and fructose, familiarly referred to as the sugar found in sugar bowls.

Monosaccharides

Simple sugars that are the most basic units of carbohydrates, with a single polyhydroxy aldehyde or ketone unit.

Kiliani-Fischer Chain Lengthening

A chemical reaction that increases the carbon chain length of aldoses by one carbon atom using cyanohydrin formation.

Optical Activity

The ability of a compound to rotate the plane of polarized light, indicating its chiral nature.