If Price Increases and the Quantity Purchased Increases, We Know

question 138

Multiple Choice

If price increases and the quantity purchased increases, we know that

• A) supply increased.
• B) supply decreased.
• C) demand increased.
• D) demand decreased.

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Definitions:

General Fund

The primary operating fund of a government, covering most basic services and administrative expenses.

Government-Wide Financial Statements

Financial reports that provide a broad overview of a government’s finances, encompassing all of its activities and entities.

Property Taxes

Taxes imposed by local governments on the value of real estate property, with rates and methods determined by local jurisdictions.

Other Financing Resources

Funds that are sourced externally, which can include debt, equity financing from investors, or loans from financial institutions, not related to operations.