Which of the Following Would Reduce the Price of Basketballs

question 134

Multiple Choice

Which of the following would reduce the price of basketballs and increase the quantity sold?

• A) An increase in the demand for basketballs.
• B) A decrease in the demand for basketballs.
• C) A decrease in the supply of basketballs.
• D) An increase in the supply of basketballs.

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Definitions:

Hispanics

People residing in the United States who are of Spanish-speaking origin or ancestry, including individuals from Latin American countries.

Poor

Individuals or populations that lack financial resources and basic needs for a comfortable standard of living.

Poverty Rate

The proportion of a population living below the poverty line, reflecting the percentage of people whose income falls below the threshold considered necessary to meet basic needs.

Welfare

Governmental support aimed at ensuring the basic well-being and financial assistance of individuals or groups within a society.