Which of the Following Events Would Unambiguously Cause a Decrease

question 120

Multiple Choice

Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts?

• A)an increase in the price of wool shirts and a decrease in the price of raw cotton
• B)a decrease in the price of wool shirts and a decrease in the price of raw cotton
• C)an increase in the price of wool shirts and an increase in the price of raw cotton
• D)a decrease in the price of wool shirts and an increase in the price of raw cotton

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Definitions:

War Bonds

Securities issued by a government to finance military operations during times of war, encouraging citizens to lend money with the promise of repayment with interest.

Union Generals

Military leaders who commanded the Union armies during the American Civil War, fighting against the Confederate states.

North's Favor

A term that might refer to preferences, advantages, or policies that benefit the northern regions or entities, specifically in a historical or political context. NO

Sherman

General William Tecumseh Sherman, a key Union general during the American Civil War, known for his "March to the Sea" and scorched earth policies.