A Decrease in Supply Is Caused By

question 42

Multiple Choice

A decrease in supply is caused by:

• A) a decrease in resource prices.
• B) a decrease in the number of sellers in the market.
• C) suppliers' expectations of lower prices in the future.
• D) an advancement in the technology for producing the good.

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Definitions:

Distal Process

Distal process refers to external, environmental events, conditions, or stimuli that indirectly influence development or behavior through a chain of intermediary processes or mechanisms.

Governmental Policies

Decisions and actions taken by a government to direct and influence its country's social, economic, and political issues.

Critical Period

A specific time in development when the organism is particularly sensitive to environmental stimuli, and thus has an enhanced capacity for learning or development in a particular area.