An Increase in Price Will Lead to an Increase in Quantity

question 43

Multiple Choice

An increase in price will lead to an increase in quantity supplied. This statement is

• A) the law of supply.
• B) the law of demand.
• C) untrue always.
• D) a normative statement.

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Definitions:

Neutral Fiber

Neutral fiber refers to an imaginary line within a beam or other structural element under flexure where the fibers (material) are at neither compression nor tension.

Tensional Force

The pulling force applied to an object that can cause it to stretch.

Diamond Frame

The conventional design for bicycle frames, characterized by two triangles forming a diamond shape.

Twist Frame

A term possibly related to structures or vehicles that refers to a frame designed to accommodate or resist torsional forces or twisting motion.