Which of the Following Would Be Expected to Cause an Increase

question 85

Multiple Choice

Which of the following would be expected to cause an increase in the supply of desktops?

• A) An increase in the number of business firms demanding desktops
• B) An increase in the price of desktops
• C) A decrease in the cost of manufacturing desktops
• D) The expectation that the price of desktops will increase in future

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Definitions:

Agency by Ratification

An arrangement where a principal formally approves an act performed by someone who did not have the authority to act as their agent at the time of the act.

Ratification Requirements

Key provisions that must be met for an agreement or treaty to be officially approved and adopted by the involved parties.

Ratification to Be Effective

The process through which formal validation or approval is given, making an agreement officially valid.

Cognitive Dissonance

The psychological distress felt by someone when they simultaneously hold multiple conflicting beliefs, ideas, or values.