An Increase in the Price of a Good Would

question 8

Multiple Choice

An increase in the price of a good would

• A)increase the supply of the good.
• B)increase the amount purchased by buyers.
• C)give producers an incentive to produce more.
• D)decrease both the quantity demanded of the good and the quantity supplied of the good.

---

Definitions:

Married Couple

Two individuals who are legally united in marriage, and may share living arrangements, finances, and participate in joint decisions.

Kohlberg's Moral Reasoning Theory

A theory that proposes that moral reasoning, the basis for ethical behavior, has six identifiable developmental stages, each more adequate at responding to moral dilemmas than the last.

College Graduation

The completion of academic requirements that culminate in the earning of a college degree, recognized during a formal ceremony.

Men

Adult human males.