A Typical Supply Curve Shows That an Increase in the Price

question 145

Multiple Choice

A typical supply curve shows that an increase in the price of a good will cause the quantity supplied to:

• A)decrease.
• B)increase.
• C)remain constant.
• D)fluctuate randomly around its equilibrium value.

---

Definitions:

Creative Productivity

The capacity to generate original and valuable outcomes in artistic, scientific, or intellectual domains.

Novelist

An author or writer of novels, which are extended works of fiction.

Physicist

A scientist who specializes in the study of matter, energy, and the interaction between them.

Fluid Abilities

Mental skills that involve the ability to reason quickly and think abstractly, which tend to decline with age.