-The Curve in the Above Figure Will Shift to the Right

question 233

Multiple Choice

-The curve in the above figure will shift to the right when

• A)the price level falls.
• B)technology increases.
• C)population falls.
• D)the proportion of the population that is elderly increases.

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Definitions:

Paralegal

A trained legal assistant who performs various tasks to support lawyers, including legal research, drafting documents, and organizing files, but is not qualified to offer legal advice or represent clients.

Attorney

A person licensed to practice law and represent clients in legal matters.

Consumer Surplus

The variance between the total price consumers are inclined and able to pay for a good or service, compared to what they really pay.

Price Ceilings

A government-imposed limit on how high a price can be charged for a product, service, or resource, aimed at protecting consumers from excessive pricing.