Some Producers Are Chatting Over a Beer

question 54

Multiple Choice

Some producers are chatting over a beer. Which quotation refers to a change in quantity supplied?

• A) "Wage increases have forced us to raise our prices."
• B) "Our new, sophisticated equipment will enable us to undercut our competitors."
• C) "Raw material prices have sky-rocketed; we will have to pass the cost on to our customers."
• D) "We anticipate a big increase in demand. Our product price should rise, so we are planning for an increase in output."
• E) "New competitors in the industry are causing prices to fall."

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Definitions:

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and care of passengers during flights.

Sexist

Reflecting or promoting the belief that one gender is superior to another, often resulting in discrimination.

Waitress

A female server responsible for taking orders and serving food and beverages to customers at a restaurant or cafe.

Courtesy Title

A title or honorific prefixed to someone's name, used to express politeness, respect, or professional status.