If, Due to Rising Demand, the Price of Cotton Rose

question 125

Multiple Choice

If, due to rising demand, the price of cotton rose 15 percent while the prices of other goods and services rose an average of 10 percent,

• A)​the relative price of cotton has risen and one would expect the output of cotton to rise as a result.
• B)​the relative price of cotton has risen and one would expect the output of cotton to fall as a result.
• C)​the relative price of cotton has fallen and one would expect the output of cotton to rise as a result.
• D)​the relative price of cotton has fallen and one would expect the output of cotton to fall as a result.

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Definitions:

Goodwill

An intangible asset representing the value of a company's brand, customer relations, employee satisfaction, and other non-physical assets.

You-attitude

A communication strategy focused on addressing the needs and interests of the audience, often used in business and persuasive writing to establish a positive connection.

You-attitude

A communication approach that focuses on the audience's perspective and needs.

Passive Verbs

A form of verb that indicates the subject of the sentence is the recipient of the action, often making the writing less direct.