An Increase in the Price of a Product and an Increase

question 91

True/False

An increase in the price of a product and an increase in the number of sellers in the market affect the supply curve in the same general way.

---

Definitions:

Theoretical Approach

A method or strategy derived from a theory to understand a concept, phenomenon, or problem.

Depression

A condition of mental health involving prolonged periods of downheartedness or a lack of enthusiasm in tasks, causing crucial hindrances in daily operations.

Etiology

The study of the causes or origins of diseases.

Normal Behavior

Refers to actions or reactions that are typical or expected within a specific society or culture.