Which of the Following Statements Best Illustrates the Law of Supply

question 98

Multiple Choice

Which of the following statements best illustrates the law of supply?

• A)When the price of oil rises, the supply of automobiles falls.
• B)When the price of steel falls, the supply of automobiles rises.
• C)When the price of computers rises, the quantity supplied of computers rises.
• D)When the price of televisions rises, the quantity supplied of televisions falls.

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Definitions:

Self-efficacy

An individual’s belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Observational Learning

The process of acquiring knowledge and skills by observing and imitating the actions of others, without direct instruction or experience.

External Locus

A belief that control over events and outcomes lies outside oneself.

Exercise Regimen

A planned, structured set of physical activities designed to improve or maintain physical fitness.