Normally an Increase in the Supply of a Good Will

question 315

Multiple Choice

Normally an increase in the supply of a good will cause

• A) a shift of consumer preferences in favor of that good.
• B) consumers to use more of that good and less of others.
• C) a shift of consumer preferences away from that good.
• D) consumers to use less of that good and more of others.

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Definitions:

Dividend Payouts

The portion of a company's earnings that is distributed to shareholders in the form of cash or additional shares.

Accounts Receivable

Outstanding payments from customers to a firm for received goods or services that remain unpaid.

Financial Plan

A comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.