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

question 36

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

---

Definitions:

Refractory Period

In neural processing, a brief resting pause that occurs after a neuron has fired; subsequent action potentials cannot occur until the axon returns to its resting state. In human sexuality, a resting period that occurs after orgasm, during which a person cannot achieve another orgasm.

Asexual

Describes an individual who does not experience sexual attraction to others.

American System

A historical economic plan in the United States that advocated for a strong role for federal government in the economy, emphasizing protective tariffs, national bank, and infrastructure improvements.

Federal Funds

Refers to reserves that banks lend to each other overnight to maintain their reserve requirements, often influencing interest rates.