An Increase in Demand Will Cause an Increase in Price

question 236

True/False

An increase in demand will cause an increase in price, which will cause an increase in quantity supplied.

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Definitions:

Reinforcement

In psychology, the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Hostile Conflict

Disputes characterized by anger, resentment, and aggression, which can be damaging to relationships.

Identity Confusion

A psychological state where an individual is uncertain about their sense of identity or feels conflicted about their role in society.

Depression

A condition marked by ongoing feelings of sadness or a disinterest in hobbies, which seriously hampers one's day-to-day function.