Suppose an Increase in the Price of Rubber Coincides with an Advance

question 18

Multiple Choice

Suppose an increase in the price of rubber coincides with an advance in the technology of tire production.As a result of these two events,the demand for tires

• A)decreases,and the supply of tires increases.
• B)is unaffected,and the supply of tires decreases.
• C)is unaffected,and the supply of tires increases.
• D)None of the above is necessarily correct.

---

Definitions:

Vicarious Achievement

Experiencing a sense of accomplishment through the successes of others, typically close individuals or groups with whom one identifies.

Pharmaceutical Company

An enterprise that focuses on researching, developing, manufacturing, and distributing drugs for medical use.

Used

Being utilized for a purpose or having been employed in the past.

Exploited

Utilized or taken advantage of unfairly for someone else's benefit, often in a way that is unethical or lacks consent.