Suppose at the Current Price, the Demand for Copper Is

question 196

Multiple Choice

Suppose at the current price, the demand for copper is estimated at -3.14.What happens to sales revenue if the government imposes a price ceiling below the free market equilibrium price in the copper market?

• A)Sales revenue falls.
• B)Sales revenue rises.
• C)Sales revenue remains unchanged because copper is a necessity for most industries.
• D)It cannot be determined without information on prices.

---

Definitions:

Undesirable Behavior

Actions or responses that are considered inappropriate, harmful, or not in accordance with societal norms or expectations.

Reduced Price

A decrease in the cost of a product or service, often used as a sales strategy or to clear inventory.

Snacks

Small portions of food typically eaten between meals.

Natural Selection

The evolutionary process in which individuals with genetically influenced traits that are adaptive in a particular environment tend to survive and to reproduce in greater numbers than do other individuals; as a result, their traits become more common in the population.