Suppose a New Law Requires All Piercing Studios to Pass

question 259

Multiple Choice

Suppose a new law requires all piercing studios to pass tougher licensing tests and to begin using more costly sterilization methods. Other things constant, this law would cause

• A) an increase in the supply of piercings and a lower price for piercings.
• B) an increase in the supply of piercings and a higher price for piercings.
• C) a decrease in the supply of piercings and a higher price for piercings.
• D) a decrease in the supply of piercings and a lower price for piercings.

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Definitions:

Client/Server

A computing model and distributed application structure that partitions tasks or workloads between providers of a resource or service, called servers, and requesters, called clients.

Intranet

A private network accessible only to an organization's staff, often protected from external access by a firewall.

Metropolitan Area

Refers to a densely populated urban core and its less populated surrounding territories, sharing industry, infrastructure, and housing.

DSL Modem

A device that connects a computer to the internet through a telephone line using Digital Subscriber Line technology, providing high-speed internet access.