Select the Phrase That Correctly Completes the Following Statement

question 267

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the number of manufacturers caused a decrease in the supply of sailboats.As a result, ________."

• A)the price of sailboats increased and the demand for sailboats decreased
• B)the equilibrium quantity of sailboats increased
• C)the price of sailboats increased and the quantity demanded of sailboats decreased
• D)the price of sailboats increased and the higher price caused the supply of sailboats to increase

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Definitions:

Othermothers

Non-biological maternal figures who provide care, guidance, and support to children within a community, extending the concept of motherhood beyond biological ties.

Quakers

A religious group formally known as the Religious Society of Friends, known for their commitment to peace, simplicity, integrity, and equality.

Shakers

A religious sect formally known as the United Society of Believers in Christ's Second Appearing, known for their communal living, celibacy, and simple lifestyle.

Sect

A relatively small group that has broken away from an established denomination within a religion.