Which of the Following Statements Is Always True

question 59

Multiple Choice

Which of the following statements is always true?

• A)​An increase in price will lead to an increase in producer surplus along a supply curve.
• B)​An increase in price will lead to an increase in consumer surplus along a demand curve.
• C)​A price ceiling will lead to an increase in consumer surplus.
• D)​A price floor will lead to an increase in consumer surplus.

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Definitions:

Capacity

The maximum amount that something can contain or produce, or the ability of an individual or system to execute tasks or processes.

Iconic Memories

A type of visual memory that lasts a very short time, representing an exact replica of an observed scene or object.

Echoic Memories

A type of sensory memory that retains audio information for up to a few seconds after the original sound has ceased.

Episodic Buffer

Part of Baddeley's model of working memory, it is a temporary storage system that integrates information from different sources and bridges short-term memory with long-term memory.