As the Price of a Commodity Decreases, What Happens to Supply

question 100

Multiple Choice

As the price of a commodity decreases, what happens to supply? ​

• A)If the price decreases, then the supply will increases.
• B)If the price decreases, then the supply will remain constant.
• C)If the price decreases, then the supply will decreases.

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Definitions:

Managerial Accounting

The practice of analyzing and communicating financial information to managers for the pursuit of an organization's goals.

Specific Needs

Requirements or preferences unique to an individual or group, often used in the context of designing products or services to meet those unique requirements.

Historical Data

Information from the past used for analysis, including trends, to inform decision-making processes or predict future outcomes.

Estimated Data

Projections or approximations used in accounting and financial analysis to anticipate future results or values.