A Change in the Price of a Good ________ Its

question 172

Multiple Choice

A change in the price of a good ________ its supply curve and ________ a movement along its supply curve.

• A) shifts; causes
• B) shifts; does not cause
• C) does not shift; causes
• D) does not shift; does not cause
• E) None of the above because the change in the price might cause either a shift in the supply curve or a movement along the supply curve depending on the size of the change.

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Definitions:

Subcontracts

Agreements made between a party in an existing contract and a third party to fulfill some or all of the original contract's obligations.

Bids

Offers made by individuals or entities to buy goods, services, or assets at a specified price.

Legal Principles

Fundamental concepts that form the basis of the law, guiding the legal system in decision-making.

Faulty Part

A defective or malfunctioning component in a machine or system.