When Technology Increases the Supply of a Good and Lower

question 31

Multiple Choice

When technology increases the supply of a good and lower prices increase the quantity demanded,

• A) the economy is reallocating resources to achieve an efficient allocation.
• B) consumer surplus falls.
• C) the invisible hand is unnecessary.
• D) the marginal benefit of the good increases with the quantity produced.
• E) the economy is no longer efficient because the quantity changes.

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Definitions:

Competitive Dispositions

The inherent or developed inclination of individuals or groups to engage in competition, striving to outperform others or achieve superiority.

Sexual Access

The degree to which individuals are able to engage in sexual activities, often influenced by social, legal, or interpersonal factors.

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Gender Lines refer to the distinctions and boundaries often socially constructed to differentiate roles, behaviors, and expectations based on one's gender.

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A category of games, typically played by children, where participants run after and try to catch one or more individuals within the group.