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

question 166

Multiple Choice

In which statement is the term "supply" used correctly? (1) An increase in the number of suppliers of copper will lead to an increase in the supply of copper.(2) An increase in the number of suppliers of copper will likely lead to a decrease in the quantity supplied 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:

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

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Standardized tests designed to assess a person's level of skill, accomplishment, or knowledge in a specific area.

Nurture

The influence of external factors like environment and upbringing on the development and behavior of an individual.

Development

is the process of change and growth over time, which can include physical, cognitive, emotional, and social aspects.