When the Demand for a Good Increases and the Supply

question 44

Multiple Choice

When the demand for a good increases and the supply of the good remains unchanged, consumer surplus

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase, decrease, or remain unchanged.

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a specific behavior increases the likelihood of that behavior being repeated.

Employee Behavior

The actions and conduct of individuals within an organization, which can influence productivity, morale, and the work environment.

Pay Penalties

Financial sanctions imposed on individuals or organizations for not adhering to contracts, laws, or regulations.

Unethical Practices

Actions or behaviors that do not conform to the accepted standards of moral or ethical principles in the conduct of business or individual activity.