If the Price of a Good Is Low

question 33

Multiple Choice

If the price of a good is low,

• A)firms would increase profit by increasing output.
• B)the quantity supplied of the good could be zero.
• C)the supply curve for the good will shift to the left.
• D)firms can and should raise the price of the product.

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Definitions:

Import Package

The mechanism in Java that allows a programmer to access classes and interfaces from other packages, making them available for use in their code.

Title Bar

The title bar is the top section of a window in a graphical user interface that displays the title of the application or document open in the window.

HTML Tag

A snippet of code that tells a web browser how to display a portion of the text or how to execute something on a webpage.

Applet Class

In Java, it refers to a small application designed to be transmitted over the internet and executed by a Java-compatible web browser.