If a Seller in a Competitive Market Chooses to Charge

question 196

Multiple Choice

If a seller in a competitive market chooses to charge more than the going price, then

• A)the sellers' profits must increase.
• B)the owners of the raw materials used in production would raise the prices for the raw materials.
• C)other sellers would also raise their prices.
• D)buyers will make purchases from other sellers.

---

Definitions:

Blood Calcium Levels

The concentration of calcium ions in the blood, essential for various bodily functions including bone formation, blood clotting, and muscle contraction.

Osteoclast Activity

Biological processes involving osteoclast cells, which break down bone tissue, facilitating bone resorption and remodeling.

Calcitonin

A hormone produced by the thyroid gland that helps regulate calcium levels in the blood by inhibiting osteoclast activity.

Broken Bone

A fracture or disruption in the continuity of a bone, often caused by trauma, stress, or disease.