If We Observe a Decrease in the Price of a Good

question 172

Multiple Choice

If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by a(n) :

• A) increase in the supply of the good.
• B) increase in the demand for the good.
• C) decrease in the demand for the good.
• D) decrease in the supply of the good.

---

Definitions:

Free-Drug Program

A health care initiative where medications are provided at no cost to patients, often as part of public health campaigns or to support low-income populations.

Social Programs

Government or organizational initiatives designed to improve living conditions, provide support, and address social issues within communities.

Bottom Line

A term referring to a company's net income, profit, or the critical or most important outcome of a situation.

Social Responsibility

An ethical framework suggesting that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.