Assuming That the Supply Curve of Cupcakes Is Upward-Sloping and Demand

question 46

Multiple Choice

Assuming that the supply curve of cupcakes is upward-sloping and demand for cupcakes decreases,there is a(n) _____ in _____ surplus.

• A)increase;producer
• B)increase;consumer
• C)increase;total
• D)decrease;producer

---

Definitions:

Mindset

The established set of attitudes or beliefs held by an individual or group that influences behavior and perceptions.

Co-Mentoring

A reciprocal learning relationship where two individuals provide mutual guidance, support, and feedback to each other.

Technical Skills

Specific abilities and knowledge required to perform practical tasks in specialized fields such as IT, engineering, or science.

Work Habits

Patterns of behavior and practices associated with how one performs job-related tasks.