If the Price of a Product Increases, We Would Expect

question 30

Multiple Choice

If the price of a product increases, we would expect

• A) the level of demand to decrease.
• B) quantity supplied to increase.
• C) the level of supply to increase.
• D) an increase in quantity demanded.

---

Definitions:

Basic Diameter

The theoretical exact diameter of a cylindrical or conical feature as defined in a technical drawing, without any tolerances.

Minimum Hole Size

The smallest diameter of a hole that allows for the specified performance, fit, or clearance in a design.

Grade 9

In the context of materials or components, it may refer to a classification or quality level, but without further context, the specific meaning is less clear.

Milling Operation

A machining process that uses a rotating cutting tool to remove material from the surface of a workpiece, typically to achieve a desired shape or finish.