Which of the Following Is True

question 146

Multiple Choice

Which of the following is true?

• A)A decrease in the price of ice cream would cause a decrease in the demand for frozen yogurt, a substitute.
• B)Just as demanders will demand more now if the price of a good is expected to rise in the near future, sellers will supply more now if the price of a good is expected to rise in the near future.
• C)An increase in supply leads to a movement up along the supply curve.
• D)Both technological progress and cost-increasing regulations will increase supply.
• E)None of the above is true.

---

Definitions:

Statewide Nonprofit

A nonprofit organization that operates or provides services across an entire state.

State Legislature

A state's legislative body responsible for making laws, which can be unicameral or bicameral, consisting of a House of Representatives and a Senate.

Self-defense

The act of defending oneself, one's property, or other people from physical harm or danger, often considered a legal right in many jurisdictions.

Lobbying

The act of attempting to influence the decisions made by officials in the government, often conducted by lobbyists representing specific interests or organizations.