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Which of the Following Statements Is LEAST-Likely True

question 17

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Which of the following statements is LEAST-Likely true?


Definitions:

Supply of Electronic Tablets

The total quantity of electronic tablets that manufacturers are willing and able to sell at a given price level in a given time period.

Price

The price in money expected, obligatory, or rendered for acquiring something.

Law of Supply

A principle in economics stating that as the price of a good or service increases, the quantity supplied also increases, assuming all other factors remain constant.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal.

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