Other Things Remaining Unchanged, Which of the Following Is Likely

question 69

Multiple Choice

Other things remaining unchanged, which of the following is likely to reduce a firm's profits?

• A) An increase in the quantity of the good sold.
• B) An decrease in the tax rates.
• C) An increase in the costs of transportation.
• D) A decrease in the interest rate paid on loans.

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Definitions:

Individual

A single human being distinct from a group, class, or family, considered in terms of their unique thoughts, feelings, and actions.

Dying

The process of approaching death, including the physical, emotional, and psychological aspects leading to the end of life.

Death

The end of life in a biological organism; the cessation of all biological functions that sustain a living entity.

Society

A group of individuals living together in a more or less ordered community, sharing various customs, values, and institutions.