A Bakery Can Produce Either Cakes or Cookies

question 173

Multiple Choice

A bakery can produce either cakes or cookies. If the price of cookies rises, then

• A) the supply curve of cake shifts leftward.
• B) there is a movement downward along the supply curve of cakes.
• C) the supply curve of cake shifts rightward.
• D) there is a movement upward along the supply curve of cakes.

---

Definitions:

Class Interval

A range of values that is used in the grouping of a continuous variable into discrete, consecutive intervals for frequency distribution analysis.

Pie Chart

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.

Majors

Fields of study in higher education that students specialize in to earn a degree.

ANOVA

A statistical method (Analysis of Variance) used to assess whether there are any statistically significant differences between the means of three or more independent (unrelated) groups.