Graph 7-3 -Refer to Graph 7-3. When the Price Falls from P₂

question 56

Multiple Choice

Graph 7-3

-Refer to Graph 7-3. When the price falls from P₂ to P₁, which of the following is NOT true?

• A) the sellers who still sell the good are worse off because they now receive less
• B) some sellers leave the market because they are not willing to sell the good at the lower price
• C) the total cost of what is now sold by sellers is actually higher
• D) all of the above are correct

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Definitions:

Positive Emphasis

Focusing on positive aspects or outcomes in communication or presentation to influence perception and response.

Financial Success

Achieving financial goals and stability, often through income, investments, and managing expenses efficiently.

Motivate Employees

The process of encouraging or inspiring staff to perform their jobs more effectively and with greater enthusiasm.

Politeness

Behaving in a respectful and considerate manner towards others to maintain positive social relationships.