An Increase in the Price of Good X Due to a Reduction

question 252

Multiple Choice

An increase in the price of good X due to a reduction in its supply will:

• A)​increase the total revenue of good X.
• B)​decrease the total revenue of good X.
• C)​increase the total revenue of goods that are substitutes for X.
• D)​increase the total revenue of goods that are complements for X.

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Definitions:

Natural Killer Cells

A type of lymphocyte that plays a major role in the rejection of tumors and cells infected by viruses by directly killing them.

Eosinophils

A type of white blood cell that is involved in combating multicellular parasites and certain infections in vertebrates, also associated with allergic reactions.

Parasitic Worm Infection

An infestation by helminths, a type of parasitic worm, which can cause disease and malnutrition.

Phagocytic Cells

A type of immune cell capable of engulfing and absorbing bacteria and other small cells and particles.