Suppose a New Law Requires All Piercing Studios to Pass

question 259

Multiple Choice

Suppose a new law requires all piercing studios to pass tougher licensing tests and to begin using more costly sterilization methods. Other things constant, this law would cause

• A) an increase in the supply of piercings and a lower price for piercings.
• B) an increase in the supply of piercings and a higher price for piercings.
• C) a decrease in the supply of piercings and a higher price for piercings.
• D) a decrease in the supply of piercings and a lower price for piercings.

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Definitions:

Abbreviation

A condensed version of a word or phrase used for space-saving or to avoid repeating.

Material

Substances or components from which things can be made or constructed.

Coughing Up

The act of forcefully expelling substances from the throat or lungs through the mouth, often a symptom of respiratory conditions.

Trachea

The windpipe; a tube that connects the pharynx and larynx to the lungs, allowing the passage of air.