If Nothing Else Changes, a Rise in the Price of a Good

question 78

Multiple Choice

If nothing else changes, a rise in the price of a good leads to an increase in the quantity supplied of a good.This is known as:

• A)diminishing returns
• B)conservation
• C)the law of supply
• D)the law of demand

---

Definitions:

Benefits of Problem-Solving

The advantages gained from effectively identifying solutions to challenges, which may include improved understanding, creativity, and outcomes.

Problem Definition

The initial step in any therapeutic or analytical process where the problem or issue is identified and described.

Solution Implementation

The process of putting a plan or solution into action to solve a problem or achieve a goal.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.