If Total Surplus Falls, Which of the Following Must Have

question 81

Essay

If total surplus falls, which of the following must have occurred?
A.There was an increase in demand or a decrease in supply.
B.There was an increase in demand and an increase in supply.
C.There was a decrease in demand or a decrease in supply.
D.There was a decrease in demand and an increase in supply.

---

Definitions:

Control Over

The authority or power to regulate, direct, or dominate a situation, process, or entity.

Technological Advances

Innovations and improvements in technology that increase productivity and potentially lead to economic growth and development.

Specialized Resources

Resources uniquely suited for a specific type of production or service, enhancing efficiency.

Avoids Taxes

Strategies or actions taken by individuals or companies to minimize their tax liability legally or illegally.