When the Price of a Good Rises

question 21

Multiple Choice

When the price of a good rises:

• A) demand falls
• B) quantity demanded falls
• C) quantity supplied falls
• D) quantity demanded rises

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Definitions:

Policies

Guiding principles or courses of action adopted or proposed by a government, party, business, or individual.

1960s

A decade characterized by significant social, political, and cultural change worldwide, including civil rights movements, counterculture, and technological advancements.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 aimed at expanding health insurance coverage and reducing health care costs.

Controversies

Public disagreements or debates marked by differing opinions and, often, strong emotional responses.