Everything Else Held Constant,an Increase in the Cost of Production

question 31

Multiple Choice

Everything else held constant,an increase in the cost of production ________ aggregate ________.

• A)increases;demand
• B)decreases;demand
• C)increases;supply
• D)decreases;supply

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Definitions:

Apprehension

The fear or anticipation of future difficulty or trouble; in legal contexts, can also refer to the act of arresting someone.

Tort of Assault

A legal claim for harm caused by intentionally placing another person in fear of imminent physical harm or offensive contact.

Intentional Tort

A civil wrong resulting from an intentional act committed on the person, property, or economic interest of another. Intentional torts include assault, battery, conversion, false imprisonment, intentional infliction of emotional distress, trespass to land, and trespass to chattels.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, often resulting in harm or damage.