An Increase in the Price of a Good Could Be

question 4

Multiple Choice

An increase in the price of a good could be caused by

• A) An increase in supply.
• B) An increase in demand.
• C) A decrease in supply and an increase in demand.
• D) Either b. or c.

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Definitions:

Persons

Human beings individually considered, often in relation to their social or legal status.

Living Quarters

denote the accommodation or space where individuals reside, which can range from houses and apartments to dormitories and other shared living situations.

Premarital Cohabitation

A living arrangement in which a couple tests its relationship before getting married.

Trial Marriage Cohabitation

The act of living together by a couple to test compatibility before committing to a formal marriage.