In Which Statement Is the Term "Supply" Used Correctly? (1)An

question 136

Multiple Choice

In which statement is the term "supply" used correctly? (1) An increase in the price of copper will lead to an increase in the quantity supplied of copper.(2) An increase in the price of copper will lead to an increase in the supply of copper.

• A)neither statement
• B)the first statement only
• C)the second statement only
• D)both statements
• E)more information is needed

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Definitions:

Help Aid Foundation

A non-profit organization dedicated to providing assistance or resources to those in need.

Multinational Company

A corporation that operates in multiple countries beyond its original or home country.

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A method of generating ideas by recording everything people in a group think of, without judging or evaluating the ideas.

Openers

Phrases or sentences used at the beginning of a piece of writing or speech designed to engage the audience and set the tone.