Demand for a Food Item Increases by More Than the Supply

question 82

Multiple Choice

Demand for a food item increases by more than the supply of the food item.One thing for certain is that

• A)the price of the food item rises.
• B)income elasticity of demand (for the food item)is greater than 1.
• C)the supply curve is price elastic.
• D)real income rises as a result.
• E)none of the above

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Definitions:

Cognitive Disturbances

Intermittent disruptions or impairments in cognitive processes such as thinking, memory, attention, and perception.

Conduct Disorder

A mental health condition identified during childhood or adolescence, marked by ongoing aggressive and disorderly actions.

Discipline

A field of study or branch of knowledge, education, or training; also refers to the practice of training people to obey rules or a code of behavior.

Rational

Based on or in accordance with reason or logic, capable of reasoning or using reason in an orderly cogent fashion.