The Law of Supply States That, Other Things Constant, There

question 90

Multiple Choice

The law of supply states that, other things constant, there is:

• A) a positive relationship between price and quantity demanded.
• B) a negative relationship between price and quantity demanded.
• C) a positive relationship between price and quantity supplied.
• D) a negative relationship between price and quantity supplied.

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Definitions:

Death Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Occupational Segregation

The division of jobs in the labor market based on demographic characteristics, such as gender or ethnicity, leading to unequal job opportunities and pay.

Ethnicity

A social category based on common culture, language, ancestry, or national experience, distinguishing groups of people in society.

Race

A social construct used to categorize humans into large and distinct groups based on physical characteristics, ancestry, historical affiliations, or culture.