Which of the Following Will Lead to a Decrease in Supply

question 113

Multiple Choice

Which of the following will lead to a decrease in supply of a good?

• A) an increase in the price of the good
• B) an increase in consumer incomes
• C) an increase in the price of an important resource used to produce the good
• D) a technological advance that lowers the cost of producing the good

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Definitions:

Budget Deficit

A financial situation where an entity's expenditures exceed its revenues over a specified period, prompting borrowing or use of saved reserves.

Continuing Resolution

A type of legislation that allows government agencies to continue operating at current funding levels until new budget legislation is passed.

Budgetary Process

A systematic method used by organizations or governments to allocate financial resources and plan for future financial needs.

Continuing Resolutions

Legislative measures used by the government to allow funding for its operations in the absence of an agreed-upon formal budget.