If the Price of Apples Rises and the Quantity of Apples

question 177

Multiple Choice

If the price of apples rises and the quantity of apples exchanged decreases,then we know that there cannot have been a:

• A) decrease in supply with no change in demand
• B) large decrease in supply and a small decrease in demand
• C) large decrease in supply and a small increase in demand
• D) large increase in demand and a small increase in supply

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Definitions:

Massive Corporations

Large-scale businesses or companies that operate in multiple countries, often having significant influence on the global economy.

Unions

Organizations formed by workers from related fields who join together to advocate for better working conditions, wages, and benefits.

Meatpacking Industry

A sector that involves the slaughtering, processing, packaging, and distribution of animals such as cattle, pigs, and chickens.