Select the Phrase That Correctly Completes the Following Statement

question 73

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the number of manufacturers caused a decrease in the supply of sailboats.As a result,

• A)the price of sailboats increased and the demand for sailboats decreased."
• B)the equilibrium quantity of sailboats increased."
• C)the price of sailboats increased and the quantity demanded of sailboats decreased."
• D)the price of sailboats increased.The higher price caused the supply of sailboats to increase."

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Definitions:

Batteries

Batteries, in a legal context, refers to the intentional and unlawful physical contact or force against another person; in a general context, it refers to devices that store and provide electrical energy.

Tort Law

The area of law that deals with civil wrongs, not arising from contractual obligations, where an injured party can seek compensation from the party causing the harm.

Prevent Future Harms

Measures or actions taken to stop or reduce the likelihood of adverse effects or damages occurring in the future.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrating differences in traditions, languages, arts, and behaviors.