A "Decrease in Supply" Refers to Which of the Following

question 2

Multiple Choice

A "decrease in supply" refers to which of the following?

• A)the likely result from a decrease in the price of a factor of production
• B)a downward movement along a supply curve
• C)a decrease in quantity supplied
• D)a leftward shift in the supply curve
• E)a drop in the quantity actually exchanged

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Definitions:

Shareholder's Derivative Suit

A legal action brought by shareholders on behalf of a corporation to enforce or defend its rights when the corporation's management fails to do so.

Black Market

An illegal trade of goods or services that violates governmental regulations, often to avoid taxes or because the goods are prohibited.

Duty of Loyalty

The legal obligation of fiduciaries to act in the best interests of their beneficiaries or the entity they serve.

Right of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.