If the Price of a Good Has Risen Over Time

question 69

Multiple Choice

If the price of a good has risen over time,

• A)it must have become more scarce.
• B)it must have become less scarce.
• C)it has become more scarce only if the price adjusted for inflation has risen.
• D)it has become less scarce only if the price adjusted for inflation has risen.

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Definitions:

Minutes

A unit of time equal to sixty seconds or one-sixtieth of an hour.

Perceived Exertion Scale

A self-assessment tool used to measure the intensity of one's physical activity based on personal sensations of effort, breathlessness, and fatigue.

Exercise Intensity

The level of effort or exertion that an individual puts into physical activity, often categorized as low, moderate, or high.

Trimester

A term often used in pregnancy to divide the nine months into three periods of approximately three months each, for the purpose of tracking fetal development and maternal health.