If the Price of a Commodity Increases, You Can Expect

question 45

Multiple Choice

If the price of a commodity increases, you can expect the:

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

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Definitions:

Ethnic Food Choices

Food preferences that are influenced by cultural, religious, or traditional backgrounds.

Dietary Choices

The selection of foods and beverages based on personal preferences, nutritional value, cultural influences, and health considerations.

Canadian Diet

A way of eating and nutritional guidelines that may be characteristic or recommended within Canada, focusing on local foods and balanced nutrition.

Lacto-Ovo-Vegetarian

A diet that excludes meat, fish, and poultry but includes dairy products and eggs.