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In Which Statement Is the Term "Supply" Used Correctly? (1)An

Question 72

Multiple Choice

In which statement is the term "supply" used correctly? (1) An increase in the price of leather will cause a decrease in the supply of leather. (2) An increase in the price of leather will cause a decrease in the supply of leather boots.


A) the second statement only
B) the first statement only
C) both statements
D) neither statement
E) not enough information to tell

Correct Answer:

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