Figure 3-6 -Auctions in Recent Years Have Resulted in Higher Prices Paid

question 328

Multiple Choice

Figure 3-6
-Auctions in recent years have resulted in higher prices paid for letters written by John Wilkes Booth than those written by Abraham Lincoln. Which of the following events would cause the price differences in these letters to get smaller?

• A) The demand for Booth letters decreases.
• B) The supply of Lincoln letters increases.
• C) The demand for Lincoln letters increases, and the supply of Booth letters increases.
• D) The demand for Lincoln letters decreases, and the demand for Booth letters increases.

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Definitions:

Carnivore

Consumer in a food chain that eats other animals.

Biogeochemical Cycle

A natural process involving the circulation and transformation of chemicals in the Earth's ecosystems.

Food Webs

Complex networks of predators and prey showing the feeding relationships between organisms within an ecosystem.

Carbon Cycle

The series of processes by which carbon compounds are interconverted in the environment, chiefly involving the incorporation of carbon dioxide into living tissue by photosynthesis and its return to the atmosphere through respiration, decay of organisms, and the burning of fossil fuels.