If the Price of Aluminum Used to Make Bicycles Increases

question 255

Multiple Choice

If the price of aluminum used to make bicycles increases, the price of a bicycle rises because of a

• A) rightward shift of the supply curve of bicycles.
• B) rightward shift of the demand curve for bicycles.
• C) leftward shift of the demand curve for bicycles.
• D) leftward shift of the supply curve of bicycles.

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Definitions:

Assessment

The process of evaluating or estimating the nature, ability, or quality of something, often used in educational, psychological, or health contexts.

Individualistic Society

An individualistic society emphasizes personal independence and the self over social cohesion and collective well-being.

Ghana

A country located along the Gulf of Guinea and Atlantic Ocean, in West Africa.

Behavioral/Social Learning

Behavioral/social learning theory posits that behaviors are learned through observing and imitating others, as well as through environmental reinforcements and punishments.