The Price of Cotton Rises

question 136

Multiple Choice

The price of cotton rises.What happens in the market for cotton shirts?

• A) The equilibrium price falls and the equilibrium quantity rises.
• B) The equilibrium price rises and the equilibrium quantity falls.
• C) The equilibrium price and quantity rise.
• D) The equilibrium price and quantity fall.

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Definitions:

Components

The constituent parts or elements that make up a system, machine, or device.

Describe

To give a detailed account or picture of something in words, including its characteristics, qualities, or events.

Fear Of Failure

The persistent anxiety or apprehension about not meeting a standard of success or achieving a desired outcome.

Overcome

To successfully deal with or gain control over something challenging, such as an obstacle, difficulty, or adversity.