According to the Law of Supply, If the Price of Electric

question 154

Multiple Choice

According to the law of supply, if the price of electric ranges increased, everything else held constant, the

• A) supply of electric ranges would decrease.
• B) demand for gas ranges would increase.
• C) demand for electric ranges would decrease.
• D) supply of electric ranges would increase.
• E) quantity supplied of electric ranges would increase.

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Definitions:

Special Occasions

Events or times that are significant or celebrated due to their cultural, religious, or personal importance.

Social Category

A grouping of people who share a common characteristic or trait, without necessarily interacting or identifying with each other.

Perceived Biological Differences

The subjective interpretation or belief in the existence of distinct biological distinctions between various groups, such as between genders or races.

Race

A socially defined category based on real or perceived biological differences between groups of people.