If There Is a Decrease in Supply, Assuming a Positively

question 154

Multiple Choice

If there is a decrease in supply, assuming a positively sloped supply curve and a negatively sloped demand curve, total surplus:

• A) will increase.
• B) will decrease.
• C) will remain the same.
• D) may change, but we can't tell how.

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Definitions:

Transcription Factors

Proteins that regulate the transcription of genes by binding to DNA sequences.

Humus

Organic matter in various stages of decomposition in the soil; gives soil a dark brown or black color.

Prop Root

An adventitious root that arises from the stem and provides additional support for a plant such as corn.

Buttress Root

A bracelike root at the base of certain trees that provides upright support.