Which of the Following Would Cause Price to Decrease

question 59

Multiple Choice

Which of the following would cause price to decrease?

• A)a decrease in supply
• B)an increase in demand
• C)a surplus of the good
• D)a shortage of the good

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Definitions:

Community College

A community college is a type of educational institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.

Social Class

A division of a society based on social and economic status, often influencing one's opportunities, lifestyle, and social interactions.

Social Classes

Distinct groups in society that are ranked based on factors like wealth, occupation, and social status, influencing one's opportunities and life experiences.

Acquired Resources

Assets or resources gained through one's own efforts, purchases, or investments, rather than inherited.