A Fall in the Price of Potatoes,which Are Used in the Production

question 23

Multiple Choice

A fall in the price of potatoes,which are used in the production of french fries,will

• A)have no effect on the supply of french fries but cause a movement along the supply curve of french fries.
• B)lead to a decrease in the demand for french fries.
• C)lead to a decrease in the supply of french fries,causing the supply curve of french fries to shift to the left.
• D)have no effect on the supply of french fries.
• E)lead to an increase in the supply of french fries,causing the supply curve of french fries to shift to the right.

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Definitions:

Rightfully Reject

pertains to the legitimate refusal of an offer, goods, or services that do not meet contractual or predetermined criteria or standards.

Small Dent

A minor indentation or damage on a surface, typically referring to physical objects like vehicles.

Tender of Delivery

The act of offering goods for delivery to a buyer in accordance with a sales contract.

Reasonable Notice

The notice period that is considered fair to inform parties about a decision or action, often used in employment termination and contractual changes.