The Supply for Some Good or Service Will Decrease

question 14

Multiple Choice

The supply for some good or service will decrease

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

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Definitions:

Managerial Success

The degree to which a manager achieves desired outcomes and objectives through effective leadership and resource management.

Critical Skills

Essential abilities or competencies necessary for effective performance in a particular job, field, or activity.

Levels Of Analysis

Different perspectives from which a topic can be examined, including individual, group, organizational, national, or international dimensions.

Organizational Behavior

The study of how people interact within groups in a work setting, including the analysis of organizational structures and cultures.