If the Chimney Sweep Market Became More Competitive,one Market Change

question 78

Multiple Choice

If the chimney sweep market became more competitive,one market change that would be expected is:

• A)lower output.
• B)higher costs.
• C)higher profits.
• D)lower prices.

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Definitions:

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk.

Interest Rate Movements

The fluctuations in interest rates which can affect the cost of borrowing money and the performance of investments.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Supply and Demand

Economic model describing how prices vary as a result of a balance between product availability and the desire of consumers.