If Producers Must Receive a Higher Price to Be Induced

question 285

Multiple Choice

If producers must receive a higher price to be induced to produce any quantity, we can conclude that

• A) supply decreased.
• B) demand decreased.
• C) both supply and demand increased.
• D) demand increased.

---

Definitions:

Emotional Intelligence

The ability to recognize, understand, manage, and use one's own emotions positively to communicate effectively, empathize with others, overcome challenges, and defuse conflict.

Tax-Preparation Service

A professional service that assists individuals or businesses in preparing and filing income tax returns.

Emotional Intelligence

The competence to be conscious of, govern, and express one’s feelings, coupled with the capacity to handle relations with others judiciously and with understanding.

Project Emotion

May refer to the outward expression or display of feelings that an individual projects onto a specific task or area of life, such as enthusiasm or frustration towards a work project.