Which of the Following Would Cause the Current Supply of IPods

question 100

Multiple Choice

Which of the following would cause the current supply of iPods to increase?

• A) an economic boom, which increases the amount that people are willing to spend on personal electronics
• B) a decrease in the price of songs on iTunes
• C) producers expecting that the future price of iPods will decrease
• D) an increase in the wages offered to technicians building iPods

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Definitions:

Increase Of Hazards Clause

A provision in insurance policies that allows the insurer to deny coverage if the insured significantly increases the risk or hazard insured against.

Highly Explosive Material

Substances that have a rapid and violent chemical reaction causing an explosion.

Insurance Coverage

Protection provided by an insurance policy against financial losses from specific risks or damages.

Bad Faith Breach

A situation where a contractual obligation is not fulfilled, with the violator having no intention to honor the contract from the start.