Select the Phrase That Correctly Completes the Following Statement

question 125

Multiple Choice

Select the phrase that correctly completes the following statement."An increase in input prices caused a decrease in the supply of baseballs.As a result ________."

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

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Definitions:

Enclosure Movement

A legal process that divided large farm fields in England that were previously collectively owned by groups of peasants into smaller, individually owned plots. The enclosure movement took place over several centuries and resulted in eviction for many peasants.

Sixteenth-Century

Referring to the period of time from 1501 to 1600, notable for the Renaissance in Europe, exploration, and significant religious reformations.

State Religion

A religion that is officially endorsed and supported by the government of a country.

Executed Protestants

Individuals of the Protestant faith who were put to death for their religious beliefs, often occurring during periods of religious conflict and persecution.