Which Factor Would Cause a DECREASE in the Supply of a Good

question 34

Multiple Choice

Which factor would cause a DECREASE in the supply of a good?

• A)an increase in the price of goods that are used in production
• B)suppliers' expectations of lower prices in the future
• C)an advancement in the technology for producing the good
• D)an increase in the number of producers

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Definitions:

Career Goals

Long-term objectives related to a person's professional development and progression in their chosen field or occupation.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.

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A life stage occurring from the late teens or early twenties to the mid-thirties, characterized by physical maturity, identity exploration, and the establishment of personal and professional relationships.

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The life stage typically occurring between ages 40 to 65, characterized by personal, professional, and biological transitions and growth.