If a Seller in a Competitive Market Chooses to Charge

question 221

Multiple Choice

If a seller in a competitive market chooses to charge more than the market price, what would happen?

• A)Buyers would tend to buy more from this seller.
• B)The owners of the raw materials used in production would raise the prices for the raw materials.
• C)Other sellers would also raise their price.
• D)Buyers will tend to make purchases from other sellers.

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Definitions:

Oxygen Concentration

The amount of oxygen present in a given environment or substance, typically measured in percentages or parts per million (ppm).

Active Animal

Refers to animals that display high levels of movement or physical activity, often in search of food, mates, or as a means of avoiding predators.

Lungs

Pair of respiratory organs in the chest of vertebrates that facilitate gas exchange between the atmosphere and the blood.

Oxygen Saturation

The measure of the amount of oxygen bound to hemoglobin in the blood, indicating respiratory efficiency.