Which Countries Rank First,second,and Third,respectively in Terms of Highway Mileage

question 16

Multiple Choice

Which countries rank first,second,and third,respectively in terms of highway mileage?

• A)United States,India,China
• B)China,India,United States
• C)China,United States,Russia
• D)Russia,United States,China

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied at those prices.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Supply Curve

A visual chart that illustrates how the quantity of a product or service provided correlates with its price over a specific time frame.