If the Ratio of Price of Cloth (P_C)divided by the Price

question 18

Multiple Choice

If the ratio of price of cloth (P_C) divided by the price of food (P_F) increases in the international marketplace,then

• A)world relative quantity of cloth supplied will increase.
• B)world relative quantity of cloth supplied and demanded will increase.
• C)world relative quantity of cloth supplied and demanded will decrease.
• D)world relative quantity of cloth demanded will decrease.
• E)world relative quantity of food will increase.

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Definitions:

Synthesis

The method of chemically merging basic substances to create a compound that is more intricate.

Perform

To carry out, execute, or do something as planned or expected.

4-Heptanone

A ketone compound with the ketone group located on the fourth carbon of a seven-carbon chain.

Box Plot

A visual representation of the distribution of a dataset that shows the median, quartiles, and outliers, presenting a five-number summary of the dataset.