What Happens When the Price of a Good or Service

question 120

Multiple Choice

What happens when the price of a good or service changes?

• A) Supply shifts in the opposite direction.
• B) Demand shifts in the opposite direction.
• C) Demand shifts in the same direction.
• D) There is a movement along a stable demand curve.

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Definitions:

Lavage

A medical procedure involving the washing out of an organ or cavity, such as the stomach, with water or a medicated solution.

Postprandial

Pertaining to the period after a meal, often relating to bodily functions or activities.

Prand/i

A prefix used in medical terminology to denote relation to a meal, particularly before a meal.

Glandular Organ

An organ that secretes hormones or other products directly into the blood or surrounding tissues.