Which of the Following Is the Least Likely to Result

question 90

Multiple Choice

Which of the following is the least likely to result from an advance in technology?

• A) suppliers offering a larger quantity than before at each given price.
• B) suppliers offering the same quantity as before at a lower price.
• C) a leftward shift of the supply curve.
• D) an increase in supply.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

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Regional banks within the Federal Reserve System of the United States that operate in specific geographic areas.

United States Government Securities

Debt instruments issued by the U.S. government to finance its spending, considered low-risk investments.

Federal Reserve District Bank

One of the 12 regional banks in the Federal Reserve System, operating under the supervision of the Federal Reserve Board, and helping to implement monetary policy.