A Change in the Supply of a Good Can Result

question 92

Multiple Choice

A change in the supply of a good can result from a change in _____.

• A) technology
• B) price
• C) consumers' income
• D) the tastes and preferences of the consumers

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Definitions:

Calculator

A calculator is an electronic device or software used for performing mathematical calculations.

Evaluate

To calculate or ascertain the numerical value or result of an expression or function.

Properties

The fundamental rules and characteristics that define mathematical operations, such as commutative, associative, and distributive properties.

Logarithms

The inverse operation to exponentiation, indicating the power to which a base number must be raised to obtain another number.