Suppose That Over the Last Year the Price of Copper

question 31

Multiple Choice

Suppose that over the last year the price of copper increased from $1.70 a pound to $1.79 per pound.Over the same time a measure of the overall price level increased from 300 to 309.The price of copper increased by

• A)less than inflation,and this means it became relatively less scarce.
• B)less than inflation,and this means it became scarcer.
• C)more than inflation,and this means it became scarcer.
• D)more than inflation,but this doesn't necessarily mean that it become scarcer.

---

Definitions:

Jennifer Lawrence

An American actress known for her roles in films such as "The Hunger Games" series and "Silver Linings Playbook."

John Ford

An iconic American film director known for his Westerns and the visually powerful style he brought to the portrayal of the American frontier.

John Wayne

An iconic American film actor famous for his roles in Westerns and war movies, embodying rugged masculinity and American patriotism through his career spanning four decades.

Stagecoach

This term can either refer to a horse-drawn carriage used historically for public transport or a classic Western film directed by John Ford.