Matthew Bakes Apple Pies That He Sells at the Local

question 36

Multiple Choice

Matthew bakes apple pies that he sells at the local farmer's market.If the price of apples increases,the

• A)supply curve for Matthew's pies will increase.
• B)supply curve for Matthew's pies will decrease.
• C)demand curve for Matthew's pies will increase.
• D)demand curve for Matthew's pies will decrease.

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Definitions:

Seller

An individual or entity that offers goods or services in exchange for financial compensation.

Tax

A binding financial duty or another sort of imposition inflicted upon a taxpayer by a governmental unit for financing government activities and numerous public allocations.

Elasticity of Demand

An assessment of the extent to which the demand for a product or service varies following a price alteration.

Tongue Depressors

Tool used in medical practice to hold down the tongue to examine the mouth and throat.