As the Price of a Commodity Increases, What Happens to Supply

question 49

Multiple Choice

As the price of a commodity increases, what happens to supply? ​

• A) If the price increases, then the supply will decreases.
• B) If the price increases, then the supply will remain constant.
• C) If the price increases, then the supply will increases.

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Definitions:

MBTI

MBTI, or Myers-Briggs Type Indicator, is a psychometric assessment designed to measure psychological preferences in how people perceive the world and make decisions.

Self-Awareness

The awareness of one's own personality, emotions, motivations, and wishes.

Individual Differences

Variations among people in their thinking, emotion, personality, and behavior.

Different Personalities

Refers to the range of distinct character traits and behaviors that differentiate one individual from another.