If the Price of an Item Falls,then One Would Expect

question 86

Multiple Choice

If the price of an item falls,then one would expect to see a(n)

• A) increase in demand.
• B) increase in the quantity demanded.
• C) decrease in supply.
• D) increase in the quantity supplied.
• E) decrease in the number of consumers.

---

Definitions:

Card Draw

A procedure in games or experiments where cards are selected from a deck, sometimes randomly, to determine outcomes or decisions.

Mayoral Election

The electoral process by which a city or town selects its mayor.

Likely Voters

Individuals who are predicted or identified as potential participants in an upcoming election.

Incumbent

A current officeholder, especially in politics, who often has a competitive advantage in elections due to name recognition and previously established networks.