Which One of the Following Could Account for an Increase

question 43

Multiple Choice

Which one of the following could account for an increase in the market clearing price of iPads?

• A)a decrease in demand for iPads
• B)an increase in supply of iPads
• C)an increase in supply along with a decrease in demand
• D)an increase in demand along with a decrease in supply

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Definitions:

Dram Shop Statutes

Laws that hold alcohol-serving establishments liable for serving alcohol to visibly intoxicated persons or minors who subsequently cause harm.

Emergency Services

Public or private organizations that provide assistance and protect the public during emergencies, such as fire, medical, and law enforcement services.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintended harm to another party.

Tort Law

A section of law that deals with civil wrongs, providing remedies for individuals harmed by the wrongful actions of others.