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:

Kinesthetic Learner

An individual who learns best through carrying out physical activities rather than listening to lectures or watching demonstrations.

Experimentation

The process of conducting tests and trials to discover new information or to test hypotheses.

Multimodal Learner

An individual who learns best through multiple learning channels or sensory modalities, such as visual, auditory, and kinesthetic.

Metacognition Skills

The ability to think about one's own thought processes, including awareness and control over learning strategies and cognitive functions.