An Increase in Supply Is Caused By

question 204

Multiple Choice

An increase in supply is caused by:

• A) an increase in resource prices.
• B) suppliers' expectations of higher prices in the future.
• C) an increase in the price of a good using the same resources.
• D) a decrease in the price of a good using the same resources.

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Definitions:

Monthly Depreciation Expense

The portion of the total depreciation of an asset that is allocated for a particular month.

Salvage Value

The forecasted final value of an asset once it has exhausted its functional duration.

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date; a form of debt.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.