A Decrease in the Price of Resources Will Cause the Aggregate

question 209

Multiple Choice

A decrease in the price of resources will cause the aggregate supply curve to

• A)shift outward.
• B)shift inward.
• C)become flatter.
• D)become steeper.

---

Definitions:

Commercial Property

Real estate used for business activities, including office buildings, retail spaces, warehouses, and industrial sites.

Listing Agreement

A contract between a property owner and a real estate agent, authorizing the agent to act on the owner’s behalf in the sale of the property.

Privity of Contract

A principle in contract law stating that only parties involved in the contract have the right to sue to enforce their rights or claim damages.

Commission

A fee paid for services, typically a percentage of the transaction value, to an agent or salesperson for facilitating or completing a sale.