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If the Number of Firms Producing Mouthwash Increases and Consumer

question 27

True/False

If the number of firms producing mouthwash increases and consumer preference for mouthwash increases, the equilibrium price of mouthwash will definitely increase.


Definitions:

Cup

A small, open container used for drinking liquids, typically made of glass, plastic, metal, or ceramic.

Kilograms

A unit of mass in the metric system, equivalent to one thousand grams.

Equation

A mathematical statement that asserts the equality of two expressions.

Multiplying Fractions

A mathematical process involving the multiplication of two or more fractions.

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