Which of the Following Reflects a Decrease in Supply

question 4

Multiple Choice

Which of the following reflects a decrease in supply?

• A)A decrease in price
• B)A decrease in the cost of production for a good
• C)An increase in price
• D)An increase in the cost of production for a good

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Definitions:

SERCOS Communication Networks

A digital interface standard used for communication between controls, drives, and decentralized peripheral devices in industrial applications.

Fiber-Optic Cable

A type of cable made of glass or plastic fibers that transmit data as light pulses, offering high bandwidth and low signal loss.

EtherNet/IP Protocol

A communications protocol widely used in industrial applications for networking various devices, including PLCs and sensors, over Ethernet.