If the Price of a Commodity Increases as the Result

question 193

Multiple Choice

If the price of a commodity increases as the result of increased demand, you would expect the:

• A) supply to increase.
• B) quantity supplied to increase.
• C) quantity supplied to decrease.
• D) supply curve to shift to the right.

---

Definitions:

Motor Vehicle

A road vehicle, such as a car or motorcycle, powered by an internal combustion engine or electric motor, used for transporting passengers or goods.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Trustee

A person or organization that holds and manages assets or property for the benefit of another party, referred to as a beneficiary.

Bankruptcy Estate

All of the property and assets considered to be owned by an individual or entity at the time of their bankruptcy filing.