Assume the Market for Hammers Is Perfectly Competitive and the Current

question 29

Multiple Choice

Assume the market for hammers is perfectly competitive and the current price is $15.If,at this price,the quantity of hammers demanded is 15,000,while the quantity supplied is 25,000,then

• A)the market for hammers is in equilibrium.
• B)the price of hammers is likely to increase.
• C)the price of hammers is likely to decrease.
• D)there would be no change in price.

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Definitions:

Gender Distinctions

The socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender-diverse people.

Child-Welfare Workers

Professionals involved in protecting children from harm and ensuring their emotional and physical well-being, often employed by government or non-profit organizations.

Deliberate Action

An intentional, conscious behavior directed towards achieving a specific goal or outcome.

Kinship Care

A form of foster care in which a relative, usually a grandmother, becomes the approved caregiver.