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

question 29

Multiple Choice

In which statement is the term "supply" used correctly? (1) An increase in the price of leather will cause a decrease in the supply of leather.(2) An increase in the price of leather will cause a decrease in the supply of leather boots.

• A)the second statement only
• B)neither statement
• C)the first statement only
• D)both statements
• E)not enough information to tell

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Definitions:

Attitude-Behavior Consistency

The extent to which an individual's attitudes are reflected in their actual behaviors.

Abstract Concept

An idea that does not have a physical form or is not concretely observable.

Predictive Value

The extent to which a score or measurement can accurately forecast or predict a specific outcome.

Attitude-Behavior Consistency

The degree to which a person's convictions are faithfully reflected in the way they act across different scenarios and over time.