Which of the Following Events Could Cause an Increase in the Supply

question 1

Multiple Choice

Which of the following events could cause an increase in the supply of ceiling fans?

• A)The number of sellers of ceiling fans increases.
• B)There is an increase in the price of air conditioners,and consumers regard air conditioners and ceiling fans as substitutes.
• C)There is an increase in the price of the motor that powers ceiling fans.
• D)All of the above are correct.

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Definitions:

Standard of Experts

A benchmark of professionalism and expertise expected from individuals specialized in a given field.

Degree of Care

The level of care that a reasonable person would exercise in a particular situation, used as a standard to assess negligence.

Professional Field

A specific area of work or study that requires specialized education, training, and skills.

Common Practice

Refers to the habits or ways of doing things that are widely accepted and used within a particular industry or community.