If the Price of Beef Increases, Then

question 57

Multiple Choice

If the price of beef increases, then:

• A) supply of leather will increase
• B) quantity supplied of leather will increase
• C) demand for leather will increase
• D) no change in the leather market

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Definitions:

Lewis And Clark

Leaders of an expedition mandated by President Thomas Jefferson to explore the newly acquired Louisiana Territory and find a path to the Pacific Ocean (1804-1806).

Trans-Mississippi

Referring to the region of the United States that lies west of the Mississippi River.

Cotton Gin

A machine invented by Eli Whitney in 1793 to separate cotton fibers from their seeds, greatly impacting the cotton industry and increasing the demand for slave labor in the southern United States.

Eli Whitney

An American inventor best known for creating the cotton gin, a machine that revolutionized the cotton industry by greatly speeding up the process of removing seeds from cotton fiber.