Which Factor Would Cause a DECREASE in the Supply of a Good

question 34

Multiple Choice

Which factor would cause a DECREASE in the supply of a good?

• A)an increase in the price of goods that are used in production
• B)suppliers' expectations of lower prices in the future
• C)an advancement in the technology for producing the good
• D)an increase in the number of producers

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Definitions:

Percentage of Profits

A portion or share of the profits generated by a business or investment, expressed as a percentage of the total profits.

Loan Repayment

The process of paying back borrowed money, typically in installments, to the lender.

Written Partnership Agreement

A legally binding document that outlines the terms, conditions, and operations of a partnership between two or more parties.

Formal Agreement

A legally binding contract, often documented and signed, that outlines specific terms and conditions agreed upon by parties.