Ceteris Paribus, an Increase in the Price of a Good

question 66

Multiple Choice

Ceteris paribus, an increase in the price of a good will cause the

• A) quantity demanded of the good to increase.
• B) quantity supplied of the good to decrease.
• C) producer surplus derived from the good to increase.
• D) supply of the good to decrease.

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Definitions:

Genes

Units of heredity made up of DNA, acting as instructions to make molecules called proteins.

Twin Study

A study in which groups of monozygotic (identical) and dizygotic (fraternal) twins of the same sex are compared to each other and to other family members for similarity on a given trait.

Monozygotic Twins

Twins that are genetically identical because they were formed from a single fertilized egg that split into two, sharing 100% of their genes.

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time who have developed from two different eggs fertilized by two different sperm, sharing about 50% of their DNA.