Which of the Following Statements Is Consistent with a Decrease

question 426

Multiple Choice

Which of the following statements is consistent with a decrease in supply?

• A) Prices of raw material inputs have increased.
• B) There has been an advance in technology.
• C) Consumers' incomes have increased.
• D) The market price has decreased.

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Definitions:

Creditors

Individuals or entities that a company owes money to for goods or services that have been delivered but not yet paid for.

Debtors

Individuals or companies that owe money to another party, often referred to in the context of accounts receivable.

Benefactors

Benefactors are individuals, organizations, or other entities that provide financial or other types of support to individuals, organizations, or causes.

Corporate Form

A business structure where the entity is distinct from its owners, providing limited liability protection, ease of transferring ownership, and potential for growth.