If the Price of a Good Increases, It Will Tend

question 315

True/False

If the price of a good increases, it will tend to make the MU to P ratio for the good rise and the good becomes more attractive to the buyer.

---

Definitions:

Ethyl Cyclohexyl Ketone

An organic compound featuring a ketone group (C=O) bonded to an ethyl group and a cyclohexyl group.

Cyclohexanecarboxylic Acid

A carboxylic acid that features a cyclohexane ring attached to a carboxyl (-COOH) group.

Organic Product

A naturally occurring material or product derived from living organisms, often referring to compounds containing carbon.

Major Organic

Referring to the primary organic compound formed in the largest quantity in an organic reaction.