When the Demand for a Good Increases and the Supply

question 44

Multiple Choice

When the demand for a good increases and the supply of the good remains unchanged, consumer surplus

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase, decrease, or remain unchanged.

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Definitions:

Employment Services

Organizations or agencies that help individuals find jobs or careers, and may also assist employers in finding qualified employees.

Marketing

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Density

In a general context, it refers to the measure of mass per unit volume; in marketing, it may relate to the saturation of advertisements or products in a market area.

Geographical Area

A specific part of the earth's surface defined by natural or artificial boundaries.