Which of the Following Demonstrates the Law of Supply

question 75

Multiple Choice

Which of the following demonstrates the law of supply?

• A)When the price of leather belts rose,leather belt sellers increase their quantity supplied of leather belts.
• B)When car production technology improved,car producers increased their supply of cars.
• C)When sweater producers expected sweater prices to rise in the near future,they decreased their current supply of sweaters.
• D)When ketchup prices rose,ketchup sellers decreased their quantity supplied of ketchup.

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Definitions:

Violent Crimes

Offenses that involve force or threat of force, including murder, rape, robbery, and assault.

Social Events

Gatherings or occasions where people come together to socialize, network, or celebrate, often organized around specific purposes or themes.

Other-race Effect

The cognitive tendency to more easily recognize faces of the race that one is most familiar with, which often leads to difficulty in distinguishing faces from races less encountered.

Stereotyping

The act of generalizing attributes, characteristics, or behaviors to all members of a particular group without considering individual differences.