The Supply for Some Good or Service Will Decrease If

question 162

Multiple Choice

The supply for some good or service will decrease if

• A)technology improves.
• B)the prices of inputs fall.
• C)the prices of inputs increase.
• D)technology improves and the price of inputs falls.
• E)more suppliers enter the industry.

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Definitions:

Company Policies

Guiding principles and procedures established by a company to dictate behavior and decisions in various situations within the business.

Business Values

Fundamental beliefs or principles that guide the actions and decisions of a business organization.

Capitated Payment

A payment scheme in healthcare where providers are paid a set amount for each enrolled patient regardless of the number of services provided, encouraging efficient care.

Dollars Per Patient

A metric to measure healthcare costs or revenue that associates the amount of dollars spent or earned with each patient.