An Increase in the Price of Maple Syrup Will Decrease

question 182

True/False

An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes.

---

Definitions:

Imprisonment

The act of confining someone in a prison or similar facility as punishment for a crime or while awaiting trial.

State Societies

Societies characterized by the presence of a formal governmental organization, laws, and social stratification.

Justice

A concept of moral rightness based on ethics, rationality, law, natural law, religion, equity, and fairness.

Kin-Ordered

A social organization system where relationships based on kinship play a central role in the structuring of society.