Everything Else Remaining Unchanged, an Increase in the Supply of a Good

question 21

Multiple Choice

Everything else remaining unchanged, an increase in the supply of a good will lead to:

• A) a fall in price and an increase in consumption of the good.
• B) an increase in the cost of production of the good.
• C) an increase in the price of the good.
• D) a leftward shift of the supply curve.
• E) an upward movement along the supply curve.

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Definitions:

Acidic

Having a pH less than 7, characterized by a higher concentration of hydrogen ions, and capable of donating a proton in a chemical reaction.

pH

Measure of the number of hydrogen ions in a water-based fluid.

Surface Tension

The elastic tendency of a fluid's surface that allows it to resist an external force, due to intermolecular forces.

Solvent

Liquid in which other substances dissolve.