A Rise in the Price of a Good

question 25

Multiple Choice

A rise in the price of a good

• A)decreases demand for the good.
• B)creates a movement up along the supply curve.
• C)creates a movement down along the demand curve.
• D)increases the supply of the good.
• E)increases preferences for the good.

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Definitions:

Full Equality

Full equality denotes the state where all individuals have the same rights, opportunities, and status, without discrimination on any basis, including race, gender, sexuality, or religion.

Racial and Ethnic Groups

Categories of people identified by shared physical characteristics or cultural practices, often influencing their social and political experiences.

Civil Rights

The rights of individuals to receive equal treatment and be free from unfair treatment or discrimination, typically protected by law.

Women's Rights

The rights and entitlements claimed for women and girls worldwide, and formed the basis for the women's rights movement in the nineteenth century and feminist movement during the 20th century.