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.

---

Definitions:

Negotiated Contracts

Negotiated contracts are agreements resulting from discussions between two or more parties, where the terms are discussed and agreed upon by all involved, often requiring compromise.

Mach Negotiators

Negotiators who adopt a more strategic, manipulative, or high Machiavellian approach in their negotiation tactics.

Machiavellianism

A personality trait which sees a person so focused on their own interests they will manipulate, deceive, and exploit others to achieve their goals.

Negotiation Style

Refers to the strategies and approaches individuals or groups employ to reach agreements or resolve differences, influenced by culture, personality, and context.