The Following Questions Refer to the Image Below

question 13

Multiple Choice

The following questions refer to the image below.

Library of Congress Prints and Photographs Division[LC-USZ62-70774]
Interior of a Shoe Factory,circa 1908
-Which of the following details best distinguishes the factory depicted above from one that existed before the Civil War?

• A) Its focus on consumer goods
• B) Its employment of women
• C) Its lack of industrial technology
• D) Its freedom from government oversight

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers, often influenced by the price as well as other factors.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Milk

A nutritious white liquid food produced by the mammary glands of mammals, used as a primary source of nourishment for young mammals before they are able to digest other types of food.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.