"Other Things Remaining the Same,if the Price of a Good

question 222

Multiple Choice

"Other things remaining the same,if the price of a good rises,the quantity supplied of that good increases." This sentence describes a

• A) shift of a supply curve.
• B) shift of the price curve.
• C) movement along a supply curve.
• D) movement along the price curve.
• E) movement along the quantity curve.

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Definitions:

Fallacy Of Composition

The error of assuming what is true of a part is automatically true of the whole.

Division

A logical fallacy where one assumes that what is true of a whole must also be true of its parts.

Slippery Slope Argument

A logical fallacy that argues a relatively small first step will lead to a chain of related events culminating in some significant effect, often negative.

Strength Of Link

The degree to which two variables are related or associated with each other, often measured in statistical analyses.