If the Supply of a Good Decreased, What Would Be

question 167

Multiple Choice

If the supply of a good decreased, what would be the effect on the equilibrium price and quantity?

• A) Price would increase, and quantity would decrease.
• B) Price would decrease, and quantity would decrease.
• C) Price would increase, and quantity would increase.
• D) Price would decrease, and quantity would increase.

Evaluate the effects of additional business activities on overall profitability through incremental analysis.

Understand the structuring of messages in business communication.

Comprehend the strategies to emphasize or de-emphasize information in business memos.

Identify and understand the use of hidden negatives in business communication.

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Definitions:

Sternum

The flat bone located in the center of the chest, connecting the rib bones and protecting vital organs in the thoracic cavity.

Triangular

Having the shape of a triangle; involving three points or elements.

Sternum

The long, flat bone located in the center of the chest, connecting to the ribs via cartilage, forming part of the rib cage.

Sections

Distinct parts into which something is or may be divided, or a method of delivering a baby surgically.