If the Price of Oil, a Close Substitute for Coal

question 21

Multiple Choice

If the price of oil, a close substitute for coal, increases then the

• A)supply curve for coal will shift to the right.
• B)demand curve for coal will shift to the right.
• C)equilibrium price and quantity of coal will not change.
• D)demand curve for coal will shift to the left.
• E)supply curve of coal will shift to the left.

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Definitions:

Self-Definition

The understanding and perception an individual has about themselves, encompassing personal identities, values, beliefs, and roles.

Ideal Self

The self one would like to be.

Concrete

A composite material used for construction, made by mixing cement, aggregate (sand, gravel, or crushed stone), water, and, often, small amounts of chemicals to control setting.

Observable Behaviors

Actions or reactions of an individual that can be directly seen and measured, often used in psychological assessments.