An Increase in the Price of Electricity, Ceteris Paribus, Indicates

question 13

Multiple Choice

An increase in the price of electricity, ceteris paribus, indicates that

• A) the purchasing power of money is decreasing.
• B) the purchasing power of money is increasing.
• C) electricity is relatively more scarce than it was before.
• D) inflation is increasing.

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Definitions:

Universal

A characteristic or condition that applies to everything or everyone.

Rascally

Describing behavior that is playfully mischievous or dishonest, often in a benign or amusing way.

Rabbits

Small mammals with long ears, characterized by their fast reproduction and commonly found in several parts of the world.

Proposition

A declaration that signifies an opinion or judgment.