Figure 7-3 -Refer to Figure 7-3.When the Price Rises from P1 to from P1

question 75

Multiple Choice

Figure 7-3
-Refer to Figure 7-3.When the price rises from P1 to P2,which of the following statements is not true?

• A)The buyers who still buy the good are worse off because they now pay more.
• B)Some buyers leave the market because they are not willing to buy the good at the higher price.
• C)Buyers place a higher value on the good after the price increase.
• D)Consumer surplus in the market falls.

---

Definitions:

Receptacle

The end of a flower stalk where the flower parts (sepals, petals, stamens, and carpels) are attached.

Self-pollination

A process in plants where pollen from one flower fertilizes ovules of the same flower or another flower on the same plant.

Self-incompatibility Genes

Genetic mechanisms in plants that prevent inbreeding and promote cross-pollination by inhibiting fertilization by pollen from the same or closely related individuals.

Sexual Reproduction

Sexual reproduction is a biological process where organisms produce offspring through the combination of genetic materials from two different cells.