When the Price of Wood Is High

question 192

Multiple Choice

When the price of wood is high:

• A) consumers will be more likely to use wood in its least valuable uses.
• B) consumers will be more likely to use wood in its most valuable uses.
• C) the quantity demanded of wood will also rise.
• D) the quantity demanded of wood will be unaffected.

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Definitions:

Efferent

Relating to nerve fibers that carry impulses away from the central nervous system to effectors, such as muscles and glands.

Afferent

Relating to nerve fibers that carry sensory information toward the central nervous system from the body.

Self-Congratulatory

Displaying or expressing undue praise for oneself or one's achievements, often perceived as bragging.

News Release

A document or recording aimed at news media personnel intended to announce something deemed to be of news value.