The Price of a Good Will Tend to Rise When

question 396

Multiple Choice

The price of a good will tend to rise when

• A) there is excess demand for the good.
• B) there is excess supply of the good.
• C) demand for the good decreases.
• D) the supply of the good increases.

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Definitions:

Biological

Pertaining to the science of life or living matter in all its forms and phenomena, especially with reference to origin, growth, reproduction, structure, and behavior.

Cognitive

Relating to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Gender Identity

A person's inner perception of their own gender, whether male, female, both, neither, or anywhere along the gender spectrum.

Cognitive-Developmental

relates to the study of how thinking, problem solving, and intelligence evolve as people age, from childhood through adulthood.