An Increase in the Price of a Good Will

question 64

Multiple Choice

An increase in the price of a good will

• A)increase supply.
• B)decrease supply.
• C)increase quantity supplied.
• D)decrease quantity supplied.

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Definitions:

Regulatory Function

The act of controlling, directing, or managing activities, especially by rules and restrictions, often performed by government agencies.

FCC

The Federal Communications Commission, an independent U.S. government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.

Public Affairs

Matters that involve the government and its policies, and how these interact with the public or influence society.

Professional Standard

Guidelines and criteria established by professions to ensure quality, competence, and ethical practice among its members.