Suppose the Price of CDs Increases from $12 to $15

question 2

Multiple Choice

Suppose the price of CDs increases from $12 to $15 per CD. The law of supply states that if other things are constant:

• A) quantity supplied will increase.
• B) quantity supplied will decrease.
• C) quantity demanded will increase.
• D) quantity demanded will decrease.

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Definitions:

Ancestors

Individuals from whom one is descended, especially those more remote than grandparents, often referring to earlier generations.

Limbs

The extremities or appendages of an organism that are typically used for locomotion, manipulation of the environment, or other functions.

Earth's Atmosphere

The layer of gases surrounding Earth, vital for life, retaining heat, and protecting organisms from ultraviolet solar radiation.

Gases

States of matter consisting of particles that have neither a defined volume nor shape, expanding freely to fill the container they are in.