Which of the Following Indicates That the Law of Supply

question 298

Multiple Choice

Which of the following indicates that the law of supply applies to makers of soda?

• A) An increase in the price of a soda leads to an increase in the demand for soda.
• B) An increase in the price of a soda leads to an increase in the supply of soda.
• C) An increase in the price of a soda leads to an increase in the quantity of soda supplied.
• D) A decrease in the price of a soda leads to an increase in the quantity of soda demanded.
• E) A decrease in the price of a soda leads to an increase in the supply of soda.

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Definitions:

Compulsions

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A disorder characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and sensitivity to rejection, leading to social inhibition and avoidance of social interactions.

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The study of genes, genetic variation, and heredity in living organisms; explaining how traits and characteristics are passed from one generation to the next.

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A chronic disorder where a person has uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) that he or she feels the urge to repeat over and over.