A Decrease in Supply Is Caused By

question 159

Multiple Choice

A decrease in supply is caused by:

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

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Definitions:

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound, contributing to our perception of pitch.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.

Oval Window

A membrane-covered opening that leads from the middle ear to the inner ear, transmitting vibrations from the eardrum to the cochlea.

Cochlea

A spiral-shaped, fluid-filled inner ear structure that is essential for hearing; it translates sound vibrations into nerve impulses.