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

question 95

Multiple Choice

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

---

Definitions:

Like Terms

Terms having the same literal coefficient.

Simplify

Simplifying something involves breaking it down into its fundamental elements to make it easier to comprehend and less complex.

Numerical Coefficient

The numerical factor in a term.

Like Terms

Terms in an algebraic expression that have the same variables raised to the same power, and therefore can be combined.